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Home >> News >> Secondary Market

2015 Looks Bright for RMBS Market

2015 Looks Bright for RMBS Market

In its predictions for 2015, Moody's says stronger underwriting standards, third-party reviews, and the implementation of risk retention rules will all bolster the credit quality of new private-label RMBS. "New regulations setting strict standards for origination of qualified mortgages along with ability-to-repay rules will drive the strong credit quality of new issuance," said Navneet Agarwhal, managing director at Moody's.

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Community Lending Group Criticizes Government Sweep of GSE Profits

Community Lending Group Criticizes Government Sweep of GSE Profits

In a recent letter addressed to Treasury Secretary Jack Lew and Mel Watt, director of the Federal Housing Finance Agency (FHFA), the Community Mortgage Lenders of America (CMLA) urged the government to "take immediate action to cure the under-capitalization" of the GSEs by re-amending the payment terms established when they were forced to take a bailout after the crash.

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Fannie Mae Transfers Risk to Reinsurers in New Transaction

Fannie Mae Transfers Risk to Reinsurers in New Transaction

Fannie Mae has expanded its risk sharing offerings with Wednesday's announcement of a credit insurance risk transfer (CIRT) deal, which transfers the credit risk on a pool of loans from the taxpayers to a panel of domestic reinsurers. The new deal fulfills one of the 2014 Conservatorship Scorecard goals, which was to complete a variety of risk sharing transactions.

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Mortgage Rates Get Slight Boost on Employment Numbers

Mortgage Rates Get Slight Boost on Employment Numbers

The average interest rate for a 30-year fixed-rate mortgage (FRM) product was 3.93 percent (0.5 point) for the week ending December 11, Freddie Mac reported Thursday in its Primary Mortgage Market Survey. The average 30-year fixed rate was 3.89 percent a week ago and 4.42 percent this time last year.

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Fannie, Freddie Introduce Low Down Payment Programs

Fannie, Freddie Introduce Low Down Payment Programs

By lowering the down payment down to 3 percent, leaders from the GSEs and the Federal Housing Finance Administration (FHFA) hope to increase homeownership and particularly household formation by offering loans to those who can afford mortgages but lack resources to make a 20 percent down payment plus closing costs.

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Mortgage Professionals Weigh in On GSE Wind-Down

Mortgage Professionals Weigh in On GSE Wind-Down

In a report released Monday, the Collingwood Group said that 65 percent of lenders and other mortgage industry workers support the push for GSE reform, calling their current state of conservatorship under the Federal Housing Finance Agency unsustainable. At the same time, none of the survey respondents called for a wind-down or elimination of the GSEs.

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Finalized MI Requirements to Land in Coming Months

Finalized MI Requirements to Land in Coming Months

Months after the Federal Housing Finance Agency (FHFA) first unveiled a rule establishing eligibility requirements for private insurers, the agency informed some of the nation's top firms it doesn't plan to release a finalized rule until close to the end of Q1 2015 or later, according to an announcement from U.S. Mortgage Insurers (USMI).

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