Secondary markets

A pension fund looked to impose a fiduciary duty regarding a mortgage securitization instrument, but a federal judge said no.

But on a cumulative basis since 2013, the unpaid principal balance of reference pools is higher at Freddie Mac, according to the Federal Housing Finance Agency.

An 18-month transition period will end on July 31 for adoption of the Single Family Pool Delivery Module.

The enterprises should offer an indemnification in lieu of the practice of a repurchase demand for all performing loans, writes the Executive Director of Community Home Lenders of America.

The transaction comes along with a low-coupon, low leverage $13 billion conforming portfolio, providing capital for further growth.

Single-family officials at an industry conference also quantified some of the progress they're making with alternative credit data, and noted that digital validations can help reduce defects.

During her opening remarks before lawmakers Tuesday, the head of the Federal Housing Finance Agency reiterated that borrowers with strong credit profiles are not being penalized to benefit those with poorer scores.

The company, funded by Calterra Capital and led by the former CEO of lender Avlis Partners, is launching the technology in a space that has limited vendor options.

Recent bank troubles mean agency MBS, multifamily and jumbo mortgage activity are set for changes, analysts said at an industry conference.

Some stakeholders have worried about the estimated date for the transition to a new way of calculating credit worthiness, but an official assured attendees at an industry conference that the agency won't act prematurely.