Items Tagged with 'MBS'


  • Ginnie Mae issues new rules for servicers and issuers

    New rules designed to provide more security to MBS market
    Aiming to provide more stability and integrity to the mortgage-backed securities market, Ginnie Mae on Friday released a number of new rules for mortgage servicers and issues of Ginnie Mae securities. Click through for the full details.
    Read More
  • 6 Questions with 6 HUD Executives, Ep. 6: Ginnie Mae EVP and COO Michael Bright

    Bright talks about the affordability crisis, risks to the housing market, what drives him and more
    On this episode of 6 Questions with 6 HUD Executives, HousingWire Editor-in-Chief Jacob Gaffney sits down with Ginnie Mae Executive Vice President and COO Michael Bright to talk about affordable housing, the securities market and Ginnie Mae crossing the $2 trillion threshold.
    Read More
  • MBA: Commercial/multifamily outstanding debt posts largest Q1 increase since recession

    Commercial/multifamily debt is on the rise as each major investor class increases its holdings
    Outstanding commercial/multifamily mortgage debt just posted the largest first quarter increase since before the Great Recession, a report from the Mortgage Bankers Association shows. MBA Vice President of Commercial Real Estate Research Jamie Woodwell said that this is an encouraging sign that indicates a strong market.
    Read More
  • From HW Magazine

    How can we revive the private label MBS market?

    Unresolved issues defy easy answers
    One of the things that has bedeviled mortgage financing post-crisis has been the absence of the private label mortgage backed securities market. During the peak years, private label MBS issuance topped $1 trillion. In 2017, only $70 billion of private label RMBS were issued, although that is a big increase from 2016.
    Read More
  • Watchdog: Ginnie Mae wasn't ready for nonbank mortgage lending boom

    OIG report notes that Ginnie Mae made progress on oversight, but issues remain
    Over the last few years, Ginnie Mae experienced a significant shift in its business, with its share of nonbank originations rising from 11% in 2011 to 75% this year. But, according to a new report from a government watchdog, Ginnie Mae was not prepared for the rise of nonbank mortgage lending and “did not adequately respond” to the changes in its lender base.
    Read More
  • Monday Morning Cup of Coffee: Fed moves to sell massive mortgage debts

    Markets not expected to panic
    In the wake of the financial crisis, the Federal Reserve bought significant amounts of mortgage debt to keep the secondary capital markets liquid. The Fed will soon stop buying such debt next year, while at the same time reducing its MBS holdings, hopefully in a market-orderly fashion. But we’ll see. All that and more, in your Monday Morning Cup of Coffee.
    Read More
  • They're back: Wells Fargo prepares to issue private-label mortgage bonds

    First non-government bonds since the housing crisis
    Wells Fargo is preparing to jump back into the private label securitization market for the first time since the housing crisis. While previous practices caused investors to lose interest and even forced the company to pay up to the FHFA, Wells Fargo is now seeking to bring back confidence in private mortgage-backed securities.
    Read More