Industry uproar over 50 bps fee on GSE securities
Industry uproar over 50 bps fee on GSE securities
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The post Industry uproar over 50 bps fee on GSE securities appeared first on HousingWire.
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A new 50 basis point tax on some Fannie Mae and Freddie Mac assets, according to stakeholders in the mortgage sector, violates the idea of a standard mortgage-backed instrument.One industry expert, who asked to remain anonymous to maintain good relations with the government-sponsored companies that collectively support the majority of the single-family mortgage market, called it a "money grab."The uniform mortgage-backed security procedure, which enables two businesses, Fannie Mae and Freddie Ma...
A new 50 basis point tax on some Fannie Mae and Freddie Mac assets, according to stakeholders in the mortgage sector, violates the idea of a standard mortgage-backed instrument.One industry expert, who asked to remain anonymous to maintain good relations with the government-sponsored companies that collectively support the majority of the single-family mortgage market, called it a "money grab."The uniform mortgage-backed security procedure, which enables two businesses, Fannie Mae and Freddie Ma...
The FHFA on Thursday reiterated its stance on a new fee on some government-backed enterprise securities, but said it would engage stakeholders.
The post FHFA: No delay on 50 bps fee, but open to “engagement” appeared first on HousingWire.
The FHFA on Thursday reiterated its stance on a new fee on some government-backed enterprise securities, but said it would engage stakeholders.
The post FHFA: No delay on 50 bps fee, but open to “engagement” appeared first on HousingWire.
The Federal Housing Finance Agency (FHFA) soon will review the enterprise regulatory capital framework, after complaints from industry players
The post After 50 bps fee backlash, FHFA will review capital rule appeared first on HousingWire.
The Federal Housing Finance Agency (FHFA) soon will review the enterprise regulatory capital framework, after complaints from industry players
The post After 50 bps fee backlash, FHFA will review capital rule appeared first on HousingWire.
Markets fully expect the Bank of Canada to deliver its second half-point rate hike in as many months at its upcoming rate decision meeting on Wednesday. In June, the Bank hiked its overnight target rate by 50 basis points, bringing it to 1.00%, citing an “increasing risk” that expectations of high inflation could become “entrenched.” With headline inflation reaching a 31-year high of 6.8% in April, and core inflation at a 32-year high of 4.23%, the Bank of Canada is widely expected to c...
Markets fully expect the Bank of Canada to deliver its second half-point rate hike in as many months at its upcoming rate decision meeting on Wednesday. In June, the Bank hiked its overnight target rate by 50 basis points, bringing it to 1.00%, citing an “increasing risk” that expectations of high inflation could become “entrenched.” With headline inflation reaching a 31-year high of 6.8% in April, and core inflation at a 32-year high of 4.23%, the Bank of Canada is widely expected to c...
Are you ready for changing mortgage regulations? This is a commission-critical issue for many agents - so don't get caught unaware, and join Sherry Riano from DNC Mortgage as we discuss what these new regulations mean to you! Sherry is the Vice President of Business Development for DNJ Mortgage. Sherry has been helping clients realize their home ownership dreams for over 16 years, and her passion lies in helping people properly position themselves so that they can leverage maximum benefit from ...
Are you ready for changing mortgage regulations? This is a commission-critical issue for many agents - so don't get caught unaware, and join Sherry Riano from DNC Mortgage as we discuss what these new regulations mean to you! Sherry is the Vice President of Business Development for DNJ Mortgage. Sherry has been helping clients realize their home ownership dreams for over 16 years, and her passion lies in helping people properly position themselves so that they can leverage maximum benefit from ...
The Bank of Canada surprised markets on Wednesday by delivering a lower-than-expected 50-basis-point rate hike, its sixth consecutive rate increase of the year. That brings the benchmark rate to 3.75%, 350 basis points higher compared to where it began the year. Markets had overwhelmingly expected a 75-bps hike following the release of September inflation data, which showed price growth still stubbornly high. But the Bank’s decision to hike by only 50 bps signals potential concerns about we...
The Bank of Canada surprised markets on Wednesday by delivering a lower-than-expected 50-basis-point rate hike, its sixth consecutive rate increase of the year. That brings the benchmark rate to 3.75%, 350 basis points higher compared to where it began the year. Markets had overwhelmingly expected a 75-bps hike following the release of September inflation data, which showed price growth still stubbornly high. But the Bank’s decision to hike by only 50 bps signals potential concerns about we...
As was widely expected, the Bank of Canada raised its benchmark lending rate by 50 basis points on Wednesday, bringing it to 1.00%.
As was widely expected, the Bank of Canada raised its benchmark lending rate by 50 basis points on Wednesday, bringing it to 1.00%.
Fannie Mae and Freddie Mac plan to charge a new 50 basis-point fee for certain structured-finance offerings that use co-mingled agency securities as the underlying collateral. The fee will apply to securities issued through structured-finance offerings known as Supers, and separately, real estate investment conduits (REMICs). Through these vehicles, the uniform mortgage-backed securities (UMBS) of one government-sponsored enterprise […]
The post Fannie Mae, Freddie Mac impose new fee for ...
Fannie Mae and Freddie Mac plan to charge a new 50 basis-point fee for certain structured-finance offerings that use co-mingled agency securities as the underlying collateral. The fee will apply to securities issued through structured-finance offerings known as Supers, and separately, real estate investment conduits (REMICs). Through these vehicles, the uniform mortgage-backed securities (UMBS) of one government-sponsored enterprise […]
The post Fannie Mae, Freddie Mac impose new fee for ...
Inflation continued to increase in April, raising the odds that the Bank of Canada will respond forcefully with at least a 50-bps rate hike at its June meeting.
Inflation continued to increase in April, raising the odds that the Bank of Canada will respond forcefully with at least a 50-bps rate hike at its June meeting.
United Wholesale Mortgage's new Game On pricing promotion expands on its Compete & Beat offering by deeply slashing rates at a time the industry is hurting for volume.Game On makes a 0.5 percentage point to 1 percentage point cut across all product types UWM offers."This strategic pricing move is two-fold; it takes the guesswork out of where a broker should place a loan and accelerates retail loan officers joining the wholesale channel as it further extends independent mortgage brokers' advanta...
United Wholesale Mortgage's new Game On pricing promotion expands on its Compete & Beat offering by deeply slashing rates at a time the industry is hurting for volume.Game On makes a 0.5 percentage point to 1 percentage point cut across all product types UWM offers."This strategic pricing move is two-fold; it takes the guesswork out of where a broker should place a loan and accelerates retail loan officers joining the wholesale channel as it further extends independent mortgage brokers' advanta...