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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 -
Lenders also increased jumbo product availability as well as rolling out new SOFR-indexed ARMs.
November 16 -
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 -
The sector’s leaders are hoping for better in 2021, while not forgetting lessons learned about the market’s risks in 2020.
November 12 -
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 -
How we resolve millions of delinquent mortgages due to COVID is the only question that matters.
October 30Whalen Global Advisors LLC -
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 - LIBOR
The 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 -
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 -
Electronic notes did come in handy this year given the mortgage industry's need to operate remotely, but they also increase the government-sponsored enterprises' responsibility for monitoring the risk of multiple counterparties.
September 15