The underlying credit fundamentals for nonagency residential mortgage-backed securities continued to improve in June as delinquencies fell and loan modifications ticked up alongside rising home prices,...
The closely watched pot on my stove for the last six months, otherwise known as the Fed's MBS purchase program, is coming to an imminent end. (If you start here, you should be able to follow my posts on the subject as far back as you like. )
If you are up-to-date on the issues surrounding the Fed's departure (or insist, like an old school journalist, on getting the gist of the whole story in the lead), jump ahead to "Buyouts a Strong Technical." Otherwise, here's the brief:
Melvin Luther Watt quietly slid into his office as the first appointed director of the Federal Housing Finance Agency. It was the end of last year, in mid-December. Christmas was coming and the markets were in the middle of the harshest winter in years. As he took over the office of Acting Director Ed DeMarco — himself the unassuming lightning rod for the nation’s housing policy — Watt gave no indication of what he intended to do with his new position; arguably the most powerful job in mortgage finance..
Crowdfunding has swept through large verticals of consumer finance, including student loans and credit card debt. And so, naturally, in a market of rising property values, the real estate market is the latest frontier for crowd-based financing. Read More
Like oxygen, warehouse lending is one of the mortgage industry’s essential life-supporting elements. And fortunately, the warehouse segment is in much better health today than it was six years ago, as we are back up to around 70 warehouse lenders at my last count. Read More