Secondary Market

Michael J. DeVito will move on from the role of CEO in the first quarter of 2024, as the GSE is set to begin its search for a successor to the position.

With home equity at all-time highs, now estimated to be some $28.7 trillion of it, you will not get the same size home equity loan everywhere. Here’s where you will get the biggest bang for your buck.

After more than 30 years with Fannie Mae’s Capital Markets and Single-Family Digital Products and Services divisions, Pawlowski joins MCT to provide leadership on all of the company’s tech developments.

Precipitated by Fitch’s downgrade of the sovereign rating of the U.S., many in the industry voiced their opposition to the downgrade of Fannie Mae and Freddie Mac’s rating from 'AAA' to 'AA+.’

New webpage provides details on Ginnie Mae’s Environmental, Social, and Governance (ESG) strategy, with a focus on the environmental and social impacts its MBS program offers to investors.

The OCC, Treasury Department, Federal Reserve, and FDIC have jointly issued a proposal to modify large bank capital requirements to better reflect underlying risks, and increase the consistency of how banks measure their risks.

The MBA reports that the share of mortgage loans in forbearance fell to 0.44% nationwide in June, with nearly 80% of that total citing pandemic-related reasons for their forbearance.

Ginnie Mae reports that its June 2023 recorded MBS issuance will support the financing of 130,000-plus households nationwide, including more than 62,000 first-time homebuyers.

Closing this latest MSR deal, Planet Home Lending has increased its overall servicing portfolio to $94 billion and its MSR book by 10.6%.

May’s mortgage-backed securities issuance supports the financing of more than 113,000 U.S. households, including more than 55,000 first-time homebuyers.