Secondary

The Government National Mortgage Association approved 35 issuer licenses last year and hopes to approve about the same this year, according to agency president Ted Tozer.

Is the Government National Mortgage Association actually making progress in clearing its backlog of issuer applications? Answer: It all depends on who you ask.

Fannie Mae bought just $52 billion of home mortgages from its seller/servicers in April, a 45% plunge from March, according to new figures released by the GSE. Freddie Mac bought $26 billion of loans, a 39% decline from March.

The Consumer Financial Protection Bureau served official notice that it is seeking comment on a range of issues—including the cost of potential litigation—and whether debt-to-income ratios should be used to determine a borrower’s “ability to repay” a residential loan.

Deloitte says that assets controlled by the shadow banking system—including asset- and mortgage-backed securities—have declined by more than 50% in the last four years, to $9.53 trillion at Dec. 31.

There are redundant quality control measures used in the third-party origination process that might be resolved if market participants could overcome compliance concerns and trust issues and agree on a neutral, secure data platform or best practices, according to a recent industry discussion.

The Consumer Financial Protection Bureau has decided to delay the issuance of a final ‘Qualified Mortgage’ rule until after the November 6 elections, industry officials told National Mortgage News.

The commercial mortgage-backed security delinquency rate reached an all-time high in May at 10.04%, up 24 basis points from the prior month.

Allied Irish Bank has signed HML to offer the U.K.’s first 48-hour "hot" standby servicing arrangement for the issuer's £437.6 million ($683 million) securitization of U.K. mortgage assets.

Wall Street investors are demanding new data and analytics to evaluate existing and new MBS deals.