Tag Archives: mortgage-backed securities

Government shutdown could bring mortgage rates down

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Investors seeking safety in bonds and mortgage-backed securities can bring rates down. Yields on 10-year Treasurys fell 4 basis points on first day of shutdown. Continue reading →

Supreme Court not ready to let Trump boot Fed Governor Lisa Cook

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The legal battle over the Fed’s independence will drag into next year, with the Supreme Court to hear oral arguments in January on the Trump administration’s bid to fire Cook. Continue reading →

Democrats seek transparency into Fannie, Freddie ‘reprivatization’

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The Trump administration has assured industry groups that a stable housing finance system and low mortgage rates are a “North Star” in plans for a secondary offering, but Dems complain they’ve been shut out of process. Continue reading →

Homeowners rush to refinance as mortgage rates hit 2025 low

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Homebuyer loan applications flooded in last week at the second-highest level of the year. Demand for adjustable-rate mortgage loans is at the highest level since 2008. Continue reading →

Pennymac takes a stake in Vesta, launches non-QM mortgages

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A major player in correspondent lending and mortgage servicing, Pennymac is looking to provide more loans directly to consumers through a strategic partnership and investment in mortgage loan origination software provider Vesta. Continue reading →

Mortgage rates plummet to new 2025 low on anemic jobs report

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Investors who fund most home loans are no longer wondering whether the Federal Reserve will cut rates this month, but by how much. At least three quarter-percentage point rate cuts are now expected this year. Continue reading →

Mr. Cooper shareholders approve merger with Rocket Companies

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Rocket hopes the $9.4 billion deal will help it capture 20 percent of all mortgage refinancing and wrest back its title as the nation’s biggest mortgage lender from rival United Wholesale Mortgage. Continue reading →

Trump administration ‘in no rush’ to do Fannie, Freddie IPO this year

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Democratic Senators Elizabeth Warren, Chuck Schumer and Cory Booker have asked federal regluator to pause any efforts to reprivatize Fannie and Freddie and study potential impact on mortgage rates. Continue reading →

Dems seek answers on impact of Fannie, Freddie IPO on rates

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Survey shows most Americans are also concerned that privatizing the mortgage giants might lead to higher mortgage rates, although Democrats and independents are more likely to be worried than Republicans. Continue reading →

Why Trump’s moves to control Fed could send mortgage rates higher

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If bond market investors get cold feet about buying government debt and mortgage-backed securities, that could push long-term interest rates higher, even if the Fed cuts short-term rates. Continue reading →