Tag Archives: mortgage-backed securities

Rollout of new mortgage credit scoring models pushed back

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Plan to require lenders working with Fannie and Freddie to use FICO Score 10 T and VantageScore 4.0 models by Q4 2025 has been dropped, with new implementation date “TBD.” Continue reading →

Fed preparing to slow the pace of ‘quantitative tightening’

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In addition to anticipating three rate cuts this year, Federal Reserve policymakers are considering whether to taper the pace at which they unwind the central bank’s $7 trillion balance sheet. Continue reading →

Mortgage rates ease for 2nd consecutive day on inflation data

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The Federal Reserve’s moves to trim $35 billion in mortgages from its balance sheet each month could keep mortgage rates from falling dramatically this year. Continue reading →

Housing groups including NAR float wonky idea to cut mortgage rates

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NAR united with lending groups on Thursday to urge the Federal Reserve to maintain its current mortgage holdings in order to narrow a wide “spread” between 10-year Treasurys and mortgage rates. Continue reading →

Housing groups urge Federal Reserve to stop hiking rates

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MBA, NAR and NAHB say uncertainty over the Federal Reserve’s next moves is disrupting the housing sector and threatening to send the U.S. economy into a tailspin Continue reading →

Institutional investors warming up to home equity agreements

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DBRS Morningstar’s rating of $224M securitization by Unlock and Saluda could boost investor appetite for agreements that let homeowners cash out equity in exchange for a stake in their home. Continue reading →

Investors who fund most home loans get new climate risk tool

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Intercontinental Exchange Inc. teams up with DeltaTerra Capital to translate physical climate risk estimates into financial risk assessments factoring in default risk, asset price depreciation and insurance costs. Continue reading →

Angelo Mozilo, symbol of subprime mortgage lending, dies at 84

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The co-founder of Countrywide Financial cast himself as the leader of the revolution to expand access to mortgage lending but became the public face of the subprime mortgage collapse. Continue reading →

Homebuyer demand up 3rd week in a row as mortgage rates ease

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The unusually wide “spread” between 10-year Treasury yields and 30-year fixed-rate mortgages means mortgage rates could have more room to come down. Continue reading →