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Secondary Market

GSE Credit Risk Transfer Loss Expectations Trend Lower

Fitch Ratings has released a new installment of its GSE Credit Risk Transfer (CRT) Loss Projections Report, which is published every six months, in January and June. The report  “details Fitch Ratings’ projections for future credit events and losses on ...

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Smaller Banks Picked up RMBS Slack in Q3

The third quarter of 2017 saw many of the larger bank servicers scaling back their portfolios of residential mortgage-backed securities (RMBS), while smaller regional banks and non-bank servicers moved to seize the opportunity, as reported by Fitch Ratings’ latest RMBS ...

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Freddie Mac Expands Credit Risk Transfer Program

Freddie Mac recently announced the expansion of its Agency Credit Insurance Structure (ACIS) program with ACIS Forward Risk Mitigation (AFRM), a front end credit risk transfer offering. This latest credit risk transfer (CRT) offering enables Freddie Mac to transfer mortgage credit ...

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FHA Reverse Mortgage MBS Issuances Surged in Q4 2017

NewView Advisors, LLC, a financial services firm based in New York, has released a new look at the state of HECM mortgage-backed securities for 2017. HECM is the Federal Housing Administration’s (FHA) Home Equity Conversion Mortgage reverse mortgage program, which ...

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CoreVest Announces Inaugural Deal with Freddie Mac

CoreVest, the lender to residential real estate investors, announced that it has recently been approved under a pilot program with Freddie Mac to provide enhanced liquidity in the single-family rental (SFR) market.  The pilot is expected to expand financing options ...

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Fannie Mae Leaders Named in “Most Powerful” List

Fannie Mae’s Jeffery Hayward, EVP and Head of Multifamily, and Kimberly Johnson, EVP and Chief Risk Officer, have been listed among Black Enterprise’s “Most Powerful Executives in Corporate America” for 2017. The annual list identifies 300 prominent African-American executives from the ...

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