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 proposal is one of several that aims to address difficulties managing early buyouts from mortgage-backed securities pools.
Valverde, who has a wide range of experience in capital markets and housing finance, will join the government-sponsored enterprise's single-family unit.
The group is calling for the Trump administration to preserve certain features if it picks up where it left off and finishes cutting ties to the Treasury.
Government securitization guarantor Ginnie Mae got the terms for the popular HMBS 2.0 program across the finish line ahead of a major change in federal leadership.
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.
