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The recent decrease in the rate at which current loans became impaired could further encourage the cautious return of the non-QM market currently underway.October 9
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LIBORThe restrictions on the pooling of loans with any interest term based on Libor will be effective for traditional mortgage-backed securities issued starting Jan. 21, 2021, and earlier for reverse-mortgage securitizations.September 21
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Also the Federal Housing Administration, which is a key contributor of government-insured loans to Ginnie securitizations, recently set new conditions on mortgage applicants that have been in forbearance.September 14
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Following its deadline for written comments on the topic last month, the Federal Housing Finance Agency is scheduling events that will focus on two key themes emerging in responses.September 1
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Ginnie Mae helped to fund more than $70 billion in loans aimed at helping low- and moderate-income borrowers in July.August 10
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The mortgage REIT's external manager responded by filing a new lawsuit against it, calling the move "baseless and retaliatory."July 23
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The measures currently ensuring mortgage companies have sufficient cash to cover advances aren't necessarily sustainable, warns Ted Tozer, a senior fellow at the Milken Institute and a former government official.July 21
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Issuers approved for the program will receive written authority to use "digital collateral" for a limited number of securitizations.July 20
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Nonbank servicers have been seeking more sources of cash since the coronavirus disrupted markets and elevated forbearance rates. These are some strategies they may be able to use.June 26
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Ginnie Mae is offering temporary relief related to its acceptable delinquency-rate threshold in response to issuers' need to fulfill the forbearance requirements in the coronavirus rescue package.May 18
