Secondary markets

Acting Federal Housing Finance Agency Director Sandra Thompson and the Housing Policy Council say the new amounts are not good for affordable housing.

Due in part to pandemic-related forbearance, GSE portfolio loans with year-plus delinquencies hit the highest point seen since the Federal Housing Finance Agency started tracking them in 2015.

However, capacity issues, the suspension of the government-sponsored enterprise purchase caps and higher conforming limits all could affect activity, KBRA said.

The bulk package from an unnamed seller is associated with retail loans generally originated a little over a year ago and purchased by government-sponsored enterprises Fannie Mae and Freddie Mac.

Electronic signatures and remote online notarization can now be used for mortgages that previously were signed in person, subject to certain restrictions.

Amid its first post-IPO securitization of loans made outside a regulatory definition for standard products, the company has seen purchases accelerate, but it underperformed by some analysts’ estimates.

However, it remains 30% tighter than pre-pandemic levels, according to the Mortgage Bankers Association.

Acting FHFA Director Sandra Thompson's decision to act immediately rather than taking the time to examine the impact likely harmed private-label securitizations in the short term, but issuance is still on course for a record year.

More aggressive pursuit of government-related agencies’ affordable housing mission is expanding product availability, but government intervention can be a double-edged sword.

The seasoning clock for securitization eligibility restarts when a modification takes place, the government agency said.