RMBS

Treasury Secretary-designate Steven Mnuchin wasted no time Wednesday joining one of the thorniest debates in the financial services arena, saying the Trump administration would seek to end government control of Fannie Mae and Freddie Mac and return them to the private sector.

Much like President-elect Donald Trump himself, expected Treasury Secretary-designate Steven Mnuchin represents something of a question mark for the financial services industry when it comes to his agenda

New Residential is securitizing another portfolio of residential mortgages that it acquired through “cleanup calls” on other private label deals, according to DBRS.

The 2,517 loans in the Towd Point Mortgage Trust 2016-5 pool include a 77.8% share of well-seasoned, modified loans, of which 69% have had no delinquency for at least 24 months.

J.P. Morgan is marketing its fourth offering of private-label residential mortgage bonds of the year, according to Fitch Ratings.

Nonbank servicers will continue to gain market share in 2017, but much of that growth will come from their own loan origination activity rather than mortgage servicing rights purchases and subservicing

Ally Financial in Detroit has agreed to pay $52 million to settle probes and claims related to its role as the underwriter for subprime mortgage backed securities in 2006 and 2007.

Bayview Asset Management, a Coral Gables, Fla.-based property firm owned by Blackstone Group, is pursuing a$214.3 million securitization of performing and re-performing mortgage loans acquired from CitiFinancial.

Fannie Mae said Thursday it obtained reinsurance on another $11.7 billion of residential mortgages through its Credit Insurance Risk Transfer of the year.

Warning signs are growing in structured finance for 2017.