Ginnie Mae, a wholly-owned government corporation that attracts global capital into the housing finance system to support homeownership for veterans and millions of homeowners throughout the country, has announced that issuance of its mortgage-backed securities (MBS) hit a total of ...
Read More »Barclays Settles RMBS Suit
The British bank Barclays has reached a settlement with U.S. authorities over financial crisis-era transactions involving toxic residential mortgage-backed securities (RMBS) sold between 2005 and 2007. Under the terms of the settlement, Barclay’s agreed to pay $2 billion in civil ...
Read More »Fannie Mae Recognized as Largest Issuer of Green Bonds
The Climate Bond Initiative, as part of the Third Annual Green Bond Pioneer Awards, recognized Fannie Mae as the 2017 Largest Issuer of Green Bonds in the world. The awards are a globally recognized symbol of innovation and achievement in green ...
Read More »MPF Program and Ginnie Mae Surpass $1 Bn in MBS
The MPF Program recently surpassed $1 billion in mortgage-backed securities (MBS) issued. The MPF Government MBS product was the result of a partnership forged by the Federal Home Loan Bank of Chicago and Ginnie Mae to issue securities guaranteed by ...
Read More »Ginnie Mae MBS Outstanding Issuance Approaches $2 Trillion
On Thursday, Ginnie Mae—the government-owned corporation that attracts global capital into the housing finance system—announced that issuance of its mortgage-backed securities (MBS) totaled $36.41 billion in January 2018. This brings Ginnie Mae’s total outstanding principal balance to $1.924 trillion, up ...
Read More »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 ...
Read More »Ginnie Mae: Outstanding Principal Balance Edges Closer to $2 Trillion
The GSE has released its latest Unpaid Principal Balance Summary, revealing that Ginnie Mae issued nearly $40 billion of MBS for the month of November 2017.
Read More »Steady 2018 RMBS Market Still Holds Risks
As companies start to issue more transactions in the new year, a new report takes a look at how the RMBS market will continue to perform.
Read More »Fed Owns Nearly 30 Percent of All Outstanding MBS
Since October, the Federal Reserve is reducing the number of securities and treasuries it owns, see where the Fed projects to be by 2025.
Read More »Speculation Surrounds the Fed Balance Sheet
As the Federal Reserve begins to normalize their balance sheet, speculators believe that the final product may be up to three times larger than it was before the financial crisis, if not bigger. The balance sheet refers to the portfolio of securities, such as various types of Treasury debt and mortgage-backed securities (MBS), that it has purchased. Rising interest rates are sure to drive up rates in the housing market, and the Fed’s decision to pullback from mortgage-backed securities will only add to the rising rates.
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