Secondary

In a Senate confirmation hearing, the acting Federal Housing Finance Agency director echoed her predecessor’s view that restructuring of Fannie Mae and Freddie Mac should fall to Congress, and pointed to measures aimed at mitigating risk for the agencies.

The SEC claims Morningstar put investors at a risk when rating $30 billion in CMBS deals from 2015-2016. Morningstar defends its integrity and independence.

The portfolio of MSRs from three types of government-related loans has a particularly large California concentration, and could be sold on a component basis, according to the Mortgage Industry Advisory Corp.

December was the fifth month out of the last six in which credit conditions loosened, the Mortgage Bankers Association reported.

The change reflects a growing focus on an emerging banker segment that sells loans to the company on a non-delegated basis and includes a greater focus on servicing retention.

The loans in the portfolio on offer have nearly 11 months of seasoning, indicating they were amassed during a loan production boom that has contributed to higher average servicing deal sizes.

The Duty-to-Serve goals currently under review drew some objections from a coalition of affordable housing groups last year.

The government-sponsored enterprise also unveiled two new tranche slices for investors to purchase.

The selloff worsened after minutes from the Federal Reserve’s latest meeting showed officials considering earlier and faster interest-rate increases than expected.

Treasury yields rose a second day amid increasing conviction that the Federal Reserve will raise rates at least three times beginning in May.