Secondary markets

Depending on how far rates fall, loan officers could be on the hook for a significant part of their compensation if borrowers refinance in an expedited period.

Nonagency issuances are expected to increase 85% for this year over 2023, and rise another 36% in 2025, the second best since the financial crisis.

Unlike some recent RMBS deals, both exclude riskier interest-only loans and those supporting investment properties.

President-elect Trump's victory comes with the support of a Republican Congress. Also in November, many states voted on local property tax matters.

The distressed loan sales strategy has been in test mode since 2002. A rise in owner-occupant transactions may have made it more compelling.

The proposal is one of several that aims to address difficulties managing early buyouts from mortgage-backed securities pools.

Eastern Union put the blame on the other company Fannie Mae suspended, Sevenstone Capital, which was by former employees who left over four years prior.

But the Federal Housing Administration program was the only mortgage loan type to gain market share month-to-month as measured by rate lock percentage.

Valverde, who has a wide range of experience in capital markets and housing finance, will join the government-sponsored enterprise's single-family unit.

The average cost for a loan seller to buy back a mortgage from Fannie Mae or Freddie Mac for defects is over $32,000, a study from Reggora and Stratmor found.