The regulator for Fannie Mae and Freddie Mac suggested that a finalized capital framework for the two mortgage giants could be published by the end of the year.
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The end of the qualified mortgage patch should further accelerate non-QM origination growth, but is the mortgage industry ready?
October 8
- LIBOR
Investors and issuers understand Libor’s end is a near certainty. But many remain unprepared to replace the benchmark
October 8
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The Federal Housing Administration chief has already been serving as the acting deputy secretary of the Department of Housing and Urban Development.
October 8
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BX Commercial Mortgage Trust 2019-XL, via Citigroup, features 11 note classes backed by a floating-rate, first-lien mortgage on 406 Blackstone-owned properties with a tenant roster of over 2,000 lessees — including Home Depot, UPS, FedEx and Amazon.
October 7
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The industry had welcomed the Consumer Financial Protection Bureau plan allowing debt collectors to use electronic communication, but some worry about the effect of a court decision concerning email correspondence.
October 7
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The $386.5 million Trinity Rail Leasing 2019 LLC 2019-2 will collateralize 13,426 railcars with an aggregate fair market value of $1.17 billion. The assets add to the more than 15,000 railcars that were contributed to Trinity’s two prior deals in the past year.
October 7
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Allowing the mortgage giants to retain profits resolves a short-term capital shortfall, but how much capital they would need after exiting conservatorship is still the bigger question.
October 4
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The transaction is the first securitization sponsored by the auto finance company since S&P Global downgraded four classes of subordinate notes in prior transactions due to higher-than-expected losses.
October 4 -
The $533 million Transportation Equipment Trust (TFET) 2019-1 is the first-ever transport finance business securitization serviced and sponsored by BMO Harris' commercial bank, which picked up the business from GE Capital in 2015.
October 3
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The portfolio consists entirely of narrowbody, single-aisle jets, and has an initial value of approximately $601.9 million.
October 3 -
Arivo Acceptance, a two-year-old specialty-finance auto lender, is launching its debut securitization of subprime and non-prime loans for new and used cars, trucks and SUVs.
October 3
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Freddie Mac's test of artificial intelligence to make lending decisions could be a significant turning point in broadening the use of the technology.
October 2
