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Top related persons:
Ginnie Mae - 4 Freddie Mac - 3 Fannie Mae - 3 Janet Yellen - 1 FSOC - 1 Cooper - 1 ” FSOC - 1 Bob Broeksmit - 1
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New York United States UBS Americas Treasurys
Top related orgs:
Agency MBS - 2 Federal Reserve - 2 MBS - 2 New - 1 New York CNN - 1 Rocket - 1 Mortgage - 1 Mortgage Bankers Association - 1

Search resuls for: "Ginnie Mae"


8 mentions found


☆ Mortgage companies could intensify the next recession, US officials warn
  + stars: | 2024-05-13 | by ( Matt Egan | ) edition.cnn.com   time to read: +5 min
Unlike traditional banks, nonbank mortgage companies like Rocket Mortgage are heavily exposed to swings in the mortgage market, depend on funding that can dry up during times of stress and don’t have stable deposits to rely on as a safety net. Despite the wonky term, nonbank mortgage companies have become vital players that make most home mortgages in the United States today. As of 2022, nonbank mortgage companies originated about two-thirds of US mortgages and owned the servicing rights on 54% of mortgage balances, according to FSOC. “Nonbank mortgage firms are thinly capitalized, which makes them vulnerable to failure if they lose financing or mortgage defaults spike,” said McCoy, a former mortgage regulator. “Starting in early 2007, we saw a tsunami of nonbank mortgage firms fail precisely for these reasons.”
Persons: Janet Yellen, FSOC, Cooper, ” FSOC, Ginnie Mae, Bob Broeksmit, Patricia McCoy, ”, McCoy Organizations: New, New York CNN, Rocket, Mortgage, Mortgage Bankers Association, ABA, Boston College Law School, “ Locations: New York, United States
☆ The US could give homeowners a $980 billion stimulus at no additional cost, 'Oracle of Wall Street' says
  + stars: | 2024-05-03 | by ( Filip De Mott | ) www.businessinsider.com   time to read: +3 min
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. That's if Freddie Mac secures approval from its regulator to operate in the market for secondary mortgages, also commonly known as home equity loans. If greenlighted, the scheme would be equivalent to a huge stimulus injection, but without a cent added to the national deficit, the "Oracle of Wall Street" explained. As Freddie Mac is a massive provider of mortgage market liquidity, the move could encourage more banks to extend this financing to customers. The proposal noted that options are limited for homeowners who want to tap their equity, meaning that few are benefiting from the housing market's appreciation.
Persons: —, Meredith Whitney, Whitney, Freddie Mac, Freddie Mac's, Freddie, Fannie Mae, Ginnie Mae Organizations: Service, Business
☆ Mortgage-backed securities offer high-quality income and are relatively cheap, UBS says
  + stars: | 2024-04-08 | by ( Michelle Fox | ) www.cnbc.com   time to read: +2 min
Investors looking for high-quality income, as well as a bargain, should turn to agency mortgage-backed securities, according to UBS. Agency MBS are debt obligations backed by the government and are issued by agencies such as Fannie Mae, Freddie Mac and Ginnie Mae. However, agency MBS lagged their higher-quality counterparts because they are highly correlated to interest rate volatility, she said. As gross domestic product slowly trends lower, the market will become more comfortable with the likelihood of the Fed cutting rates, Falconio said. Banks, which have been investing excess deposits in Treasurys, will be among those turning to agency MBS, Falconio said.
Persons: Leslie Falconio, Fannie Mae, Freddie Mac, Ginnie Mae, Falconio, Janus Henderson, Banks Organizations: UBS, CNBC, Agency MBS, Federal Reserve, MBS, SEC, Securities ETF Locations: UBS Americas, Treasurys
☆ Wall Street is bullish on mortgage-backed securities for their juicy yields and attractive fundamentals
  + stars: | 2024-01-22 | by ( Michelle Fox | ) www.cnbc.com   time to read: +5 min
For investors looking for high-quality income with the potential for significant total return, agency mortgage-backed securities (MBS) may be the answer. Fitting MBS into your portfolio In fact, Atluri believes agency MBS are more attractive than investment-grade corporate right now. In addition, agency mortgage-backed securities also trade defensively if the economic outlook were to worsen, he added. About 25% of core bond fund holdings are in mortgage-backed securities, according to Morningstar. "Mortgage-backed securities didn't do as well [as investment grade] last year," said Wei Li, BlackRock's global chief investment strategist.
Persons: Fannie Mae, Freddie Mac, Ginnie Mae, Jason Smith, Neuberger Berman, Smith, Michael Kessler, Kessler, Pramod, Atluri, Morningstar, Wei Li, Albion's Kessler Organizations: Agency MBS, U.S ., MBS, Mortgage News, Albion Financial Group, Federal Reserve, Capital Group, Fund of America, BlackRock
☆ Global issuance of mortgage-backed securities falls to a 23-year low
  + stars: | 2023-05-04 | by ( Patturaja Murugaboopathy | ) www.reuters.com   time to read: +3 min
May 4 (Reuters) - The issuance of global mortgage-backed securities (MBS) slumped to a 23-year low in the first four months of this year, highlighting the turmoil in the real estate sector as higher mortgage rates hit property sales and refinancing. According to Refinitiv data, global MBS issuance stood at $100 billion in the first four months of this year, the lowest since 2000. Reuters GraphicsThe property sector, often a leading indicator for other economic activity, has seen a slump this year due to a spike in mortgage rates as global central banks increased interest rates to tame inflation. MBS consist of pools of home loans and other real estate debt and typically carry higher yields than U.S. Treasuries. The refinancing of existing mortgages may also be affected, as there may be fewer lenders available to refinance existing loans leading to private lenders and higher rates."
☆ These bond ETFs are having their best day in 2023 as investors seek safety
  + stars: | 2023-03-15 | by ( Darla Mercado | Cfp | ) www.cnbc.com   time to read: +1 min
A pair of exchange-traded bond funds popped Wednesday as investors flee stocks in search of safety. The Vanguard Total Bond ETF (BND) and the iShares Core U.S. Aggregate Bond ETF (AGG) each leapt by as much as 1.4% Wednesday morning. Investors sought safety in Treasurys , with yields dropping as traders bought up the issues. Corporate issues in BND include Amazon , AbbVie and Alphabet , while AGG holds bonds from Morgan Stanley , Bank of America and JPMorgan Chase .
☆ 5 ways to make affordable housing for all in 2023 — from construction laws to mortgage financing
  + stars: | 2023-01-01 | by ( Kelsey Neubauer | Alcynna Lloyd | ) www.businessinsider.com   time to read: +11 min
Houston has been able to keep its housing affordable in large part because of just this, he said. Jeff Tucker, the chief economist at Zillow, also told Insider that the biggest hurdle to affordable housing was "zoning reform." California has already done this when its citizens voted to pass Proposition 46, which provides funding specifically for affordable housing. It allocated just shy of $1 billion to the multifamily sector, according to CCIM, and is expected to see $13 billion in private funds be pushed into affordable housing. In July, Ginnie Mae, a federally-backed mortgage provider, specifically focused on affordable housing, requested that a manufactured home mortgage program be extended.
☆ Democrats who want to 'stop Wall Street landlords' and rein in the $4.4 trillion single-family-rental industry will likely be foiled by Republicans who will soon run the House
  + stars: | 2022-11-16 | by ( James Rodriguez | ) www.businessinsider.com   time to read: +6 min
A recently introduced bill promises to rein in corporate owners of single-family rental homes. They scooped up thousands more during the COVID-19 pandemic as interest rates dropped and demand for rental housing soared. The introduction of the Stop Wall Street Landlords Act marks the latest escalation. "Low- and middle-income families in my district and across the country are being pushed out because of profiteering and unfair practices by large corporate landlords." But the watchful eye of federal lawmakers is sparking concern among large SFR companies.
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