Secondary markets

A government-sponsored enterprise and companies that sell them are making modern houses more affordable in line with larger public and private market trends.

The plan could value the government-controlled mortgage giants at some $500 billion or more and would involve selling between 5% and 15% of their stock.

From warehouse offerings from a subservicer to a development willing to take crypto for purchases, these firms are looking to fill holes in the market.

MBA urges GSEs to drop tri-merge credit rule, calling it outdated and costly as FHFA weighs broader credit reporting and scoring reforms.

Groups like the Mortgage Bankers Association and National Housing Conference welcomed the decision to increase the secondary market for the credits.

The real estate investment trust this spring purchased $147 million of loans including HELOCs, completed two securitizations and closed a senior note offering.

The forward-flow agreement with the lending fintech comes as home renovation spending surged during the first half of this decade.

Lenders and servicers must determine how quickly to act as some legislators look to enable the move a key regulator has ordered while others urge deliberation.

Cassidy, whose experience is in multifamily, is currently HUD principal deputy assistant secretary, running the government insurer on an acting basis.

Alternative asset manager Canyon Partners is committing $250 million to buy new mortgage bonds created by A&D Mortgage LLC, a partnership that will help the mortgage finance company substantially increase the pace of its bond sales. 

Joseph Gormley has been nominated as Ginnie Mae's first permanent president since May 2024, with industry leaders praising his housing finance expertise.

President Donald Trump is bringing in bank leaders to meet with him one by one at the White House. Beyond the economic discussion, there's a chance at a big payday for their firms.

Freddie Mac boosted its single-family provision because of modeled and observed declines in home prices and future appreciation during the second quarter.

The regulator renewed his fight with the policymaker after the latter left the rates he oversees unchanged and distinguished them from those for mortgages.

Still, Redwood Trust lost $100 million on a GAAP basis for the period, a result of its previous decision to pivot to a scalable operating model in mortgages.

The government-sponsored enterprise's expense cuts and revenue gains minimized an earnings decline stemming primarily from a revised credit loss provision.

The company identified opportunities and challenges amid market disruption in the quarter and revealed expansion in some mortgage-related business lines.

More details are out about the government-sponsored enterprises' acceptance of nontraditional credit metrics. But pundits say fiscal analysis is still tough.

The Federal Housing Finance Agency approached Habib regarding becoming a member of the Fannie Mae board of directors, with the appointment effective July 21.

Allowing the same three companies to control both credit scoring and credit reporting removes one significant check on manipulation or distortion of consumer data, writes the Director of Consumer Reporting and Data Advocacy at the National Consumer Law Center.