Industry Briefs

The Federal Housing Finance Agency selected Houlihan Lokey Capital Inc. as a financial advisor to assist in development and implementation of a roadmap to “responsibly end the conservatorships of Fannie Mae and Freddie Mac.”

MBA, Trade Groups Urge Caution on FHFA Proposed Changes to GSE UMBS Pooling Practices

The Mortgage Bankers Association, in a Jan. 21 letter to Federal Housing Finance Agency Director Mark Calabria, urged caution on a proposed “waterfall approach” to pooling practices used by Fannie Mae and Freddie Mac in the Uniform Mortgage-Backed Security market, saying in its current form the proposal could have a “negative effect” on market liquidity, raise borrowing costs and reduce access to credit.

MBA, Trade Groups Urge FHFA to Use Caution on Changes to GSE UMBS Pooling Practices

The Mortgage Bankers Association, in a letter to Federal Housing Finance Agency Director Mark Calabria, urged caution on a proposed “waterfall approach” to pooling practices used by Fannie Mae and Freddie Mac in the Uniform Mortgage-Backed Security market, saying in its current form the proposal could have a “negative effect” on market liquidity, raise borrowing costs and reduce access to credit.

MBA, Trade Groups Urge FHFA to Use Caution on Changes to GSE UMBS Pooling Practices

The Mortgage Bankers Association, in a letter to Federal Housing Finance Agency Director Mark Calabria, urged caution on a proposed “waterfall approach” to pooling practices used by Fannie Mae and Freddie Mac in the Uniform Mortgage-Backed Security market, saying in its current form the proposal could have a “negative effect” on market liquidity, raise borrowing costs and reduce access to credit.

Stanley C. Middleman: Are Non-banks Really a Systemic Risk?

The Financial Stability Oversight Council issued its annual report in December where it identified the growth of nonbank mortgage origination and servicing as a risk to the U.S. financial system. But is this really correct?

Stanley C. Middleman: Are Non-banks Really a Systemic Risk?

The Financial Stability Oversight Council issued its annual report in December where it identified the growth of nonbank mortgage origination and servicing as a risk to the U.S. financial system. But is this really correct?

Stanley C. Middleman: Are Non-banks Really a Systemic Risk?

The Financial Stability Oversight Council issued its annual report in December where it identified the growth of nonbank mortgage origination and servicing as a risk to the U.S. financial system. But is this really correct?