Secondary

Angel Oak Capital Advisors has announced the hiring of Namit Sinha as Head of Mortgage Strategies
Angel Oak Capital Advisors LLC has announced that it has completed AOMT 2018-2, a $402 million securitization almost entirely comprised of non-QM residential mortgages. The securitization is backed by mortgages that were primarily sourced through the firm’s three affiliated mortgage lenders, Angel... Keep Reading....
With the 10th anniversary of the federal conservatorship of Fannie Mae and Freddie Mac approaching, the Trump Administration has addressed the future of the government-sponsored enterprises (GSESs) by recommending spinning them into private companies
With the 10th anniversary of the federal conservatorship of Fannie Mae and Freddie Mac approaching, the Trump Administration has addressed the future of the government-sponsored enterprises (GSESs) by recommending spinning them into private companies.   As part of a 132-page proposal called “Reform... more
Ginnie Mae has announced that it will be enhancing its Issuer Operational Performance Profile (IOPP) tool with the addition of a single-family prepayment rate metric
Ginnie Mae has announced that it will be enhancing its Issuer Operational Performance Profile (IOPP) tool with the addition of a single-family prepayment rate metric. The new metric enables Ginnie Mae MBS Issuers to more easily monitor the prepayment rate of loans in the securities they've issued... more
The Securities and Exchange Commission (SEC) has reached a $15.7 million settlement with Merrill Lynch, Pierce, Fenner & Smith Inc.
The Securities and Exchange Commission (SEC) has reached a $15.7 million settlement with Merrill Lynch, Pierce, Fenner & Smith Inc. that resolves charges that the company misled customers into overpaying for Residential Mortgage-Backed Securities (RMBS).   As part of the agreement, Merrill... more
Ginnie Mae has announced that it will be enhancing its Issuer Operational Performance Profile (IOPP) tool with the addition of a single-family prepayment rate metric
Ginnie Mae has announced that it has restricted VA single-family guaranteed loans pooled by Freedom Mortgage Corporation, SunWest Mortgage and NewDay USA in Ginnie Mae pools to Ginnie Mae II custom pools only.   According to the agency, the three issuers are restricted from including VA single-... more