#Ginnie Mae

Economynationalmortgagenews.com

CHLA joins calls for Ginnie Mae to rework proposed capital standards

Ginnie Mae’s proposed nonbank counterparty capital standards should be withdrawn or reworked around the needs of small players whom they impose a disproportionate burden on, the Community Home Lenders Association said in a press release Thursday. A broad range of mortgage industry officials and experts also have protested the plan...
Picture for CHLA joins calls for Ginnie Mae to rework proposed capital standards
Real Estatempamag.com

Forbearance numbers continue to fall – MBA

The total number of mortgages in forbearance decreased by two basis points from 3.50% of servicers’ portfolio volume in the prior week, to 3.48% as of July 18, according to the latest figures from the Mortgage Bankers Association (MBA). According to MBA’s estimate, 1.74 million homeowners are in forbearance plans.
Picture for Forbearance numbers continue to fall – MBA
Real EstateHousing Wire

Ginnie Mae should protect smaller issuers

Earlier this month, Ginnie Mae proposed significant increases in financial requirements for independent mortgage bank issuers and a new bank-like risk-based capital requirement. The Community Home Lenders Association (CHLA) acknowledges that Ginnie Mae has a responsibility to monitor the risk of its issuers. But, as the only national organization exclusively...
Picture for Ginnie Mae should protect smaller issuers
TRENDING TOPICS
Marketshartfordfunds.com

The Informed Investor

2Q21: Helping investors make smarter investment decisions. Historical Perspective (14) ABS are represented by the Bloomberg Barclays US Aggregate ABS Index, which is a component of the Bloomberg Barclays US Aggregate Index and has three subsectors: credit and charge cards, autos, and utilities. Bank Loans are represented by the S&P...
Financial Reportsmodernreaders.com

AGNC Investment (NASDAQ:AGNC) Releases Earnings Results, Beats Expectations By $0.11 EPS

AGNC Investment (NASDAQ:AGNC) announced its quarterly earnings results on Sunday. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.11, MarketWatch Earnings reports. AGNC Investment had a net margin of 239.30% and a return on equity of 17.44%. During the same period in the previous year, the business posted $0.58 EPS.
Real Estateworldpropertyjournal.com

Mortgage Loans in Forbearance Dips to 3.48 Percent in July

Based on the Mortgage Bankers Association's latest Forbearance and Call Volume Survey, the total number of loans now in forbearance decreased by 2 basis points from 3.50% of servicers' portfolio volume in the prior week to 3.48% as of July 18, 2021. According to MBA's estimate, 1.74 million homeowners are in forbearance plans.
EconomyHousing Wire

Why is Ginnie Mae attacking nonbanks?

It is rare to see a regulator so afraid of its own programs as we are witnessing at Ginnie Mae. In an alarming move, Ginnie Mae has unleashed a plan that, if implemented, will significantly alter the mortgage markets and raise costs on loans that the majority of first-time homebuyers and minority homebuyers depend on.
Real Estatemortgagemastersgroup.com

NUMBER OF MORTGAGES IN FORBEARANCE DROPS TO 3.5%

Mortgage bankers say that many homeowners are coming out of forbearance, with only 7.4%, so far, either selling the home, doing a refi or otherwise paying off the mortgage. 1 in 4 (23.2%) never stopped making monthly payments; another 1 in 4 (28%) ended up having their loans deferred. The...
Real EstateHousing Wire

Ginnie Mae’s new liquidity standards are sorely needed

Ginnie Mae’s recent proposal to impose liquidity and risk-based capital requirements on their single-family issuers is the right approach for ensuring the long-term financial stability of this segment of the housing finance system. Unlike lenders or servicers for Fannie Mae and Freddie Mac, Ginnie Mae issuers are responsible for passing...
Real Estatempamag.com

Two commercial mortgage REITs plan merger

Benefit Street Partners Realty Trust (BSPRT) and Capstead Mortgage have agreed to merge businesses in a bid to create the fourth largest commercial mortgage REIT in the United States. BSPRT is a publicly registered, non-listed real estate investment trust that buys, originates, and manages a diversified commercial real estate debt...
Real EstateHousing Wire

Here’s the key to true, sustainable efficiency in the mortgage industry

HousingWire recently spoke with SitusAMC CEO Michael Franco about the current market outlook and how lenders can focus on efficiency and stay agile in the midst of market shifts. HousingWire: What’s driving lenders’ need for agility and efficiency in the current market?. Michael Franco: The last two years in the...
Real Estateetftrends.com

Impact Shares Launches Affordable Housing ETF, ‘OWNS’

On Tuesday, Impact Shares launched an ETF that invests in agency mortgage-backed securities (MBS) that contain mortgage loans for minority, low and moderate income (LMI) families, as well as families that live in persistent poverty areas, per the press release. The Impact Shares Affordable Housing MBS ETF (OWNS) follows an...
Real Estaterismedia.com

Slight Dip for Mortgage Forbearance Is ‘Typical,’ Says MBA

Mortgage forbearance rates decreased by 2 basis points from 3.50% of servicers’ portfolio volume in the prior week to 3.48%, as of July 18, 2021, according to the Mortgage Bankers Association’s (MBA) latest Forbearance and Call Volume Survey. MBA estimates there are currently 1.74 million homeowners in forbearance plans. Key...
Maumelle, ARmultifamilybiz.com

Colliers Mortgage Closes Two Fannie Mae Loans for Bay Pointe Apartments and Millwood Apartments in Maumelle, Arkansas

MINNEAPOLIS, MN - Colliers Mortgage, part of Colliers International | U.S., recently closed two separate Fannie Mae Loans for the refinancing of Bay Pointe Apartments and the refinancing of Millwood Apartments, both located in Maumelle, Arkansas. Bay Pointe Apartments was constructed in 1986 and includes 65 units located throughout four two-story apartment buildings, as well as a one-story residential building. Millwood Apartments was constructed in 1980 and includes 96 units located throughout eight two-story apartment buildings, as well as a single-story leasing office.
Dallas, TXWKRB News

Capstead Mortgage (NYSE:CMO) Downgraded to Sell at Zacks Investment Research

According to Zacks, “Capstead Mortgage Corporation, formed in 1985 and based in Dallas, Texas, is a self-managed real estate investment trust for federal income tax purposes. Capstead’s core investment strategy is managing a leveraged portfolio of residential mortgage pass-through securities consisting almost exclusively of ARM securities issued and guaranteed by government-sponsored entities, either Fannie Mae or Freddie Mac, or by an agency of the federal government, Ginnie Mae. Agency-guaranteed residential mortgage securities carry an implied AAA credit rating with limited, if any, credit risk. “
Real Estatethediwire.com

Benefit Street Partners Realty Trust to Merge with Publicly Traded REIT

Benefit Street Partners Realty Trust Inc., a publicly registered non-traded real estate investment trust focused on commercial mortgage loans, plans to merge with Capstead Mortgage Corporation (NYSE: CMO), a publicly traded residential mortgage REIT. The combined company will be renamed Franklin BSP Realty Trust and is expected to be the...
YOU MAY ALSO LIKE