RMBS

Freddie Mac has moved from transferring the credit risk on newly originated loans to older loans that have been modified in order to avoid default.

Ginnie Mae has revised the wording of the acknowledgment agreements necessary to finance mortgage servicing rights. It sought to resolve a concern warehouse lenders had in the event issuers become troubled.

Smaller companies that perform residential mortgage servicing are rapidly growing their loan portfolios — and not just in the default servicing space, according to Fitch Ratings.

It is not a clear-cut statement to say Fannie Mae and Freddie Mac need more capital, and it detracts from the real debate over long-term housing finance reform.

A regulatory 2017 scorecard for Fannie Mae and Freddie Mac calls on the firms to transfer a significant portion of credit risk to third-party private investors on at least 90% of unpaid principal balance of newly acquired single-family mortgages.

Bayview Asset Management is prepping another securitization of mortgages it acquired from CitiFinancial that were once delinquent but are now making timely payments.

A legislative proposal would expand Fannie Mae and Freddie Mac's use of specially-created debt securities to share their risk with private investors, but such risk transfer deals are not a replacement for core capital.

A Brexit-driven rise in the UK’s inflation rate through 2017 would bring a depreciation in the British sterling that could create negative connotations for mortgage, auto loan and other consumer debt securitizations, according to Moody’s Investors Service.

JPMorgan is returning to a familiar structure as it again pools large-market prime jumbo mortgages for investors in collateralized residential mortgage loans.