Capital markets

How the secondary market is shaping home equity strategies

Nondepository origination of home equity products has been growing as traditional mortgage opportunities have waned, leading to increased reliance on secondary market buyers whose interest may vary over time. And while investors’ collective involvement has generally kept pace with increased production as lenders have originated more second liens, volatility in broader markets has led to […]

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How Loandepot managed some MSR financing maturing this year

Loandepot announced a new source of funding collateralized by certain cashflows from mortgage servicing rights that will allow it to redeem other similar financing due this October. The private offering of term notes secured by MSRs has an aggregate principal balance of $200 million and is somewhat similar to other financing vehicles other large nonbanks

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NYMT seeks leeway on debt-to-equity ratio to fuel investment

New York Mortgage Trust is staging a consent solicitation to support its latest move into what it considers the right mix and amount of less credit-sensitive assets and higher yielding ones. The company is asking for certain bond investors’ permission to exceed a maximum 8-to-1 debt-to-equity ratio it’s contractually obligated to ensure it meets on

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Citi invests in business purpose lender Vontive

Vontive, which is a fintech specializing in business purpose mortgages, has received an investment from Citi, which also acted as lead bookrunner on its first-ever securitization. The amount of the off-cycle investment was disclosed. It is the first new capital in the company since its 2022 Series B fundraise, said Vontive CEO Charles McKinney. The

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Two expects $198.9M charge from external manager lawsuit

Two, the real estate investment trust that owns Roundpoint Mortgage Servicing, is anticipating legal expenses that some analysts say could lead to asset sales. The REIT expects a $198.9 million charge for May that includes a $139.8 million fee as a contingency liability and $60 million in related expenses due to the lawsuit with its

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What Trump’s latest GSE comments could mean for mortgages

Experts are weighing the future of mortgage rates and guarantee fees following the Trump administration’s strong yet mixed messaging on the future of Fannie Mae and Freddie Mac. President Trump in a Truth Social post Tuesday said he’s working on taking the government-sponsored enterprises public, stating they would retain their “implicit guarantees,” and that he

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Fannie Mae partners with Palantir to weed out fraud

Influential government-related mortgage investor Fannie Mae will be partnering with Palantir, a company involved in introducing more artificial intelligence to financial services, as its regulator and conservator steps up its fight against fraud. Peter Thiel, who owns stakes in Trump administration ally Elon Musk’s companies, founded the AI firm that will be helping identify patterns

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Hildene Capital closes new non-QM deal

Hildene Capital has closed its fourth nonqualified mortgage securitization of 2025 with Crosscountry Mortgage, continuing what has been fairly consistent issuance amid policy shifts this year. The $453.9 million transaction that Goldman Sachs structured with JPMorgan acting as joint lead received top AAA ratings from Fitch and KBRA for 99.5% of its underlying loans. The

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How President Trump can monetize the GSEs

Last week, during remarks to the MBA Secondary & Capital Markets event in New York City, FHFA Director Bill Pulte commented that he thought the estimates for the valuations for Fannie Mae and Freddie Mac were too low.  Pulte then made clear that releasing the GSEs from conservatorship “is a decision for the President of

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Guild Mortgage, Bayview Asset explore servicing M&A

Publicly traded lender Guild Mortgage’s parent company, Bayview Asset Management, and a servicing-related affiliate are in talks about a potential deal. Bayview said in a filing that in conjunction with the affiliate it is “engaging in friendly preliminary discussions” with Guild “regarding a broader commercial relationship and potential corporate transaction. One possible outcome is “the

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