Secondary markets

The government-backed acquisition heads off regulatory and financial concerns at a Swiss bank that could have affected overseas financial institutions that U.S. lenders count on.

Imbalances linked to affordability and interest rate volatility are challenging the mortgage market. Here's how they may be resolved.

Institutions can borrow against par-valued securities that they would otherwise have to sell at a loss when there's a run on deposits, and it could have effectiveness beyond its actual usage.

The new fees based on the DTI, which lenders have said is too likely to vary throughout the origination process for a single loan, will now go into effect in August.

Mortgage-backed securities aren't generally considered risky assets, but how SVB managed them contributed to its woes.

The REIT failed to post profits in any quarter last year, as the mortgage industry encountered a steep originations slowdown.

The new special purpose credit program is part of efforts to reduce the racial gap in homeownership and offers assistance to borrowers who meet certain income and location requirements.

Even with the government-sponsored enterprise's statement that full appraisals are no longer required to prove value, industry participants say they will remain a tool for lenders to use when needed.

Lenders have focused on front-end cost differences since key secondary market players opened up the option, but what happens when a problem emerges down the road is worth weighing too.

The government-sponsored enterprises will likely have their mainstay bonds exempted from the potential securitization-related rule, but their credit-risk transfers could be subject to it, some experts say.

Reducing access to funding would harm both homebuyers and communities across the country.

The agency is floating new criteria for commingled securities and credit scores, which are undergoing policy shifts.

Interest rate increases and economic concerns led the government entity to lower the required amount from $1 million to $250,000.

The majority of borrowers cite a national emergency declaration, but the share that do has been dropping as concerns about income, debt and unemployment creep up.

The company had asked that the case be dismissed given its similarity to previously settled claims. It's weighing an appeal.

The government-sponsored enterprise expects a "moderate recession" in the first half of 2023.

Executives at the company said building special-servicing capacity will help the company brace itself for a potential change in the credit cycle.

The company, which recorded positive comprehensive income based on unrealized RMBS gains, sees potential buying opportunities in bulk mortgage-servicing rights amid a wave of sales by Wells Fargo and others.

Adding pricing considerations tied to debt-to-income ratios, which frequently fluctuate, are destined to create problems with borrowers and internal operations, the Mortgage Bankers Association wrote.

Freddie Mac previously announced a similar change set to go into effect for mortgages with settlement dates on or after March 7.