Bonnie Sinnock is the capital markets editor of National Mortgage News. Bonnie has been working for NMN and affiliated publications at Arizent and its predecessors since 1995. She was part of a group of Neal Award finalists for Best News Coverage of the TILA/RESPA Integrated Disclosure rule in 2016; and
Twitter: @bcynic
The two companies will retain ties as Daniel Wallace moves to an operational leadership position at a time when non-agency mortgage opportunities are opening up.
Freddie Mac also indicated that it will be proceeding with its closely watched second-lien pilot, while Fannie reported gains in serving credit invisible borrowers.
A strong economy drove mortgage rates higher in the past week but it's still an advantageous market for consumers in some ways, according to Freddie Mac.
Home prices are one driver. Other factors also have been exerting upward pressure on housing expenses that differ by region and lift the overall average.
Awareness of disaster risk has increased in the public and private sectors, and it appears to be prompting more interest in home improvements in particular.
Short-term rate cuts often don't immediately translate to lower financing costs for 30-year home loans, and there are some unique circumstances this time.
A former housing regulator confirmed that he anticipates a release from conservatorship would occur if Trump's elected, adding to other signs a plan is brewing.
The banking giant's sale of the non-agency, third-party portion of its commercial servicing business will boost the buyer's position in the securitized market.
Investor demand for loans made outside the qualified mortgage definition can shift over time. It's recently been going through a period of particular strength.
Issuance of new mortgage-backed securities guaranteed by Ginnie Mae has returned to levels last seen during the year monetary policymakers began raising rates.
