Subscribe to the print edition of National Mortgage Professional MagazineSubscribe to our RSS feedFollow us on TwitterGet daily updates via emailJoin us on Facebook

mortgage-backed securities (MBS)

Cantor Fitzgerald Announces MBS Team Expansion

Handshake Pic Credit: Stockbyte

Cantor Fitzgerald & Co. announced the expansion of its mortgage-backed securities (MBS) sales and trading team with the appointments of Cass Tokarski as senior managing director and head of mortgages and asset-backed securities, and James Murray as managing director, who are both joining from RBS. Tokarski will be responsible for broadening and expanding Cantor's already significant presence in the business. Murray will be focusing on agency ARM (Adjustable-Rate Mortgage) trading.Click to continue

Ginnie Mae's MBS Portfolio Surpasses $1.5 Trillion Mark

Ginnie_Mae_Logo_01_10_14

Ginnie Mae has announced that its mortgage-backed securities (MBS) portfolio reached $1.5 trillion in unpaid principal balance (UPB). Ginnie Mae President Ted Tozer noted the unprecedented expansion of recent years. It took Ginnie Mae 42 years, from its founding in 1968, until July of 2010, to reach the $1 trillion mark.Click to continue

Ginnie Mae Guarantees $23 Billion-Plus in MBS in April

Ginnie_Mae_Logo_01_10_14

Ginnie Mae announced that it guaranteed $23.32 billion in mortgage-backed securities (MBS) in April 2014. More than $21.66 billion in Ginnie Mae II single-family pools were issued in April, while Ginnie Mae I single-family pools totaled nearly $449 million. In addition, Ginnie Mae issued nearly $1.66 billion in multifamily MBS in April.Click to continue

FHFA Announces $280 Million MBS Settlement With Barclays

Hands Shaking

The Federal Housing Finance Agency (FHFA) has announced a settlement with Barclays Bank PLC, related companies and specifically named individuals for $280 million. The settlement resolves claims in the lawsuit FHFA v. Barclays Bank PLC, et al., as well as claims against Barclays in FHFA v.Click to continue

Ginnie Mae Guarantees $21 Billion-Plus in MBS in February

Ginnie_Mae_Logo_01_10_14

Ginnie Mae announced that it guaranteed $21.25 billion in mortgage-backed securities (MBS) in February 2014. “Ginnie Mae continues to provide stability to the U.S. housing finance system, during both times of crisis and recovery,” said Ginnie Mae President Ted Tozer. “Our Issuers recognize that our product provides flexibility to respond to market change and consistency rooted in transparency, accountability and standardization.”Click to continue

FHFA Reaches $885 Million Agreement With Credit Suisse Over MBS

FHFA_Logo_04_13_12

The Federal Housing Finance Agency (FHFA), as conservator of Fannie Mae and Freddie Mac, announced that it has reached a settlement with Credit Suisse, related companies and specifically named individuals for $885 million. The settlement resolves all claims in the lawsuit FHFA v. Credit Suisse, et al. as well as all claims against the Credit Suisse defendant in FHFA v. Ally Financial Inc., et al. alleging violations of federal and state securities laws in connection with private-label mortgage-backed securities (PLS) purchased by Fannie Mae and Freddie Mac during 2005-2007.Click to continue

HSH.com: Mortgage Rates Begin Downward Trend

For Sale/Credit: Stockbyte

Rates on the most popular types of mortgages backed down this week according to HSH.com's Weekly Mortgage Rates Radar. The average rate for conforming 30-year fixed-rate mortgages fell by six basis points (0.06 percent) to 4.37 percent. Conforming 5/1 Hybrid ARM rates decreased by four basis points, closing the Wednesday-to-Tuesday wraparound weekly survey at an average of 3.08 percent.Click to continue

Ginnie Mae Guarantees Nearly $23 Billion in MBS in January

Ginnie_Mae_Logo_01_10_14

Ginnie Mae announced that it guaranteed $22.93 billion in mortgage-backed securities (MBS) in January 2014. More than $21.18 billion in Ginnie Mae II securities were issued in January, while issuance of Ginnie Mae I securities totaled $1.41 billion. In addition, Ginnie Mae guaranteed $1.41 billion in multifamily securities in January. Click to continue

White Paper Argues Value of Residential Whole Mortgage Notes

House and Money Scale

Stocks may be overvalued and bonds are vulnerable to rising interest rates, but there’s another alternative that provides income, total return potential and relative principal stabilit—residential whole mortgage notes. Vertical Capital Markets Group CEO Gus Altuzarra and Vertical Fund Group President Christopher Chase explain this evolving asset class in a new white paper, The Case for Residential Whole Mortgage LoansClick to continue