Secondary markets

The government-sponsored enterprise is following through on resolving some temporary policies put in place to address contingencies around the coronavirus while unwinding others.

Zanin, a former GE Capital executive, became chief risk officer at the government-sponsored enterprise only one year ago.

If approved, the new loan would unlock $120 million in badly needed funds for the sprawling Bronx multifamily complex.

The number of credit-sensitive borrowers who request alterations in their loan terms for income reduction could be a bellwether for loan performance as pandemic-related contingencies are rolled back.

Efforts aimed at modernizing outdated sets of PLS mortgage information could facilitate electronic transmissions and benefit lenders looking to broaden opportunities for secondary market sales.

In addition to hinting at a March rate hike, the central bank this week announced an intention to have Treasury securities make up a greater share of its holdings, which has implications for securitized home loans.

New player Tomo is entering this niche while a trio of established players enhance their existing offerings for their third-party channels.

The company will leverage its diversified consumer-finance model while optimizing a traditional mortgage business with thinner margins as the business cycle turns, CEO Patti Cook said.

Due to the rollback in stimulus and uncertainties related to other mortgage policy measures and rates, servicers are moving into uncharted waters, according to a Fannie Mae economist.

The change aims to streamline the processing of certain pandemic-related loan options that accommodate lower monthly payment amounts for borrowers with long-term economic hardships.