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Read the latest articles and press releases about securitization and structured finance.

SFA News

SFA CEO Michael Bright Featured on LX News

SFA CEO Michael Bright was featured on LX News

Industry News

New Home Construction Starts Slow as Builders’ Confidence Shrinks

The impact of plummeting buyer interest, cancelled contracts, inflation and continuing labor shortages showed again in the National Association of Home Builders’ Housing Market Index (HMI) for July, its seventh month in decline.

Industry News

June Report Shows First Housing Market Inventory Increase in Three Years

As the overheated housing market demand cools off amid rapid interest rate and price increases, the June report from Redfin came in with a 2% increase in the quantity of homes on the market nationwide. This is the only month to show an increase in inventory since July 2019.

SFA News

SFA CEO Michael Bright Discusses the Manufactured Housing Market on ‘Fox Business Tonight.’

SFA CEO Michael Bright Discusses the Manufactured Housing Market on ‘Fox Business Tonight.’

Press Releases

Structured Finance Association Provides Recommendations on ABS Climate Disclosures in Letter to SEC

The Structured Finance Association (SFA) submitted a letter to the U.S. Securities and Exchange Commission (SEC) in response to the SEC’s proposed rule “The Enhancement and Standardization of Climate-Related Disclosures for Investors” (the “Proposed Rule”).

Press Releases

Structured Finance Association Statement on New Basis Point Guarantee on UMBS Collateral

The Structured Finance Association (SFA) is gathering market feedback on the new upfront 50 basis point cross-collateral guarantee on Uniform Mortgage-Backed Securities (UMBS) underlying certain TBA securities that was announced by Fannie Mae and Freddie Mac.

SFA News

SFA Joins Joint Trades Letter to FHFA on Credit Scores Proposal

On May 13, SFA alongside six other trade associations submitted a letter to the Federal Housing Finance Agency urging to incorporate a fulsome transition plan for any potential changes in how Fannie Mae and Freddie Mac utilize credit scores as they implement Congress’ mandate to establish a process where other credit models can be approved and used in the GSEs mortgage purchase decisions.

Interest Rates and Price Increases Slow Home Sales Contracts

The National Association of Realtors (NAR) monthly report released April 27, showed pending home sales falling for the fifth consecutive month, down 1.2% in March and 8.2% year over year. Soaring home prices (up 20.2% from February 2021) and average interest rates standing at 5.11%, according to NAR chief economist Lawrence Yun, suggest that while the desire to purchase a home is still strong, ‘the financial capacity has become a major limiting factor.’

SFA News

SFA Submits Response to FHFA Proposal on Updated Eligibility Requirements for GSE Seller/Servicers

On April 22, SFA submitted a response to the Federal Housing Finance Agency (FHFA) request for public input on its Re-Proposal to Enhance Eligibility Requirements for Enterprise Single-Family Seller/Servicers. In its letter, SFA expresses support for FHFA’s efforts to establish minimum capital and liquidity requirements for non-banks in order to retain eligibility as GSE seller/servicers.

Industry News

30-year Fixed Mortgage Surpasses 5%

This past week, the average rate on the popular 30-year fixed mortgage surpassed 5%, reaching 5.02%, according to Mortgage News Daily. This is the first time it has crossed that threshold since 2018.

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