Capital markets

The GSEs began sharing their risk with the private market in new ways during conservatorship, and the Federal Housing Finance Agency’s proposed capital framework currently discourages the use of those strategies. Industry leaders voiced concerns in a FHFA listening session this week.

Uncertainties in the job market drove mortgage credit availability down again, falling to the lowest point since March 2014, according to the Mortgage Bankers Association.

The pandemic drives home the point that without those funds being siphoned off, the recent fee hikes would not be necessary.

Following its deadline for written comments on the topic last month, the Federal Housing Finance Agency is scheduling events that will focus on two key themes emerging in responses.

As the end of the first six-month forbearance period arrives, the impact of the new cap is coming into focus.

Ginnie Mae helped to fund more than $70 billion in loans aimed at helping low- and moderate-income borrowers in July.

Thoma Bravo bought Ellie Mae last February and is selling it for a $7 billion gain.

The mortgage servicing rights package going up for bid adds to signs that the market for large offerings is becoming more active.

Fintechs are facing unique challenges in the pandemic. There might be a resurgence in funding on the horizon, but startups are looking to see what they can do now to weather the storm.

The government-sponsored enterprise reported net earnings of $2.55 billion, up from $461 million in the first quarter.