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The Structured Finance Association fears Treasury Secretary Steven Mnuchin may release the government-sponsored enterprises from conservatorship ahead of the change in administration, and that doing so could disrupt the mortgage-backed securities market.November 24
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The Term Asset-Backed Securities Loan Facility was brought back to inject $100 billion into the pandemic-battered economy, but only a fraction has been disbursed. Yet experts, pointing to its calming effects on markets, recommend that it be extended into next year.November 17
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Lenders also increased jumbo product availability as well as rolling out new SOFR-indexed ARMs.November 16
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There have been several extensions of the policy since it was put into place as a way to sustain originations amid a wave of forbearance allocated to borrowers with government-related loans.November 13
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The sector’s leaders are hoping for better in 2021, while not forgetting lessons learned about the market’s risks in 2020.November 12
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FHA volumes, a key contributor to Ginnie Mae issuance, could fall as long as the refinancing boom continues — unless the FHA takes a step that could reverse that trend.November 10
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How we resolve millions of delinquent mortgages due to COVID is the only question that matters.October 30
ChairmanWhalen Global Advisors LLC
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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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Bondholders could see principal losses if, due to the way the documents are worded, the rate is frozen at the last published amount.September 18
