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

Industry News

FHFA Announces Increased Multifamily Loan Purchase Cap

On October 13, the Federal Housing Finance Agency (FHFA) announced that the 2022 multifamily loan purchase caps for Fannie Mae and Freddie Mac will be $78 billion for each GSE up from $70 billion in 2021, for a combined total of $156 billion to support the multifamily market.

Industry News

Don’t Let Hybrid Work Set Back Your DEI Efforts

The past year and a half of remote work have yielded mixed results for organizations trying to improve their diversity, equity and inclusion (DEI). Remote work exacerbated many existing inequities; for example, one reason that Covid disproportionately affected communities of color is because people of color are less likely to be in remote-friendly jobs.

Industry News

SCOTUS changed oral arguments in part because female justices were interrupted, Sotomayor says

Justice Sonia Sotomayor told an audience Wednesday that recent changes in the format of oral arguments were instituted in part after studies emerged showing that female justices on the court were interrupted more by male justices and advocates.

Industry News

Available Jobs Count Falls for First Time This Year, More Workers Leave High-Contact Employment

Released 12 October, the Job Openings and Labor Turnover Survey (JOLTS) shows the Bureau of Labor Statistics’ count of all available positions fell in August after soaring through the first two quarters. As the number of job openings dropped, the number of people quitting jobs rose sharply, 4.3 million in September compared to 4.0 million in August, with the greatest number of separations occurring in hotels, restaurants and bars, and public schools - all high-contact positions

Industry News

Market Sees Rise in Leveraged Loan Transactions Tied to SOFR

The use of SOFR in structured product transactions continues to gain momentum as two U.S. leveraged loans have priced using regulators’ preferred replacement benchmark for LIBOR

Industry News

Housing Affordability Index Improves Thanks to Slowing of Home Price Escalation and Low Mortgage Rates

The National Association of Realtors’ (NAR) monthly report, which compares average family income with average home sales prices and mortgage rates, showed housing affordability improved in August for the second month in a row.

Industry News

Unemployment Claims Show Improvement Despite Layoffs in Certain Sectors

The Labor Department’s 7 October weekly report of the filing of new unemployment claims showed the greatest decrease of the preceding three months, with unadjusted claims falling to 258,909 (326,000 seasonally adjusted).

Industry News

Gensler Outlines Forthcoming SEC Regulatory Agenda at HFSC Hearing

On October 5, U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler testified at a House Financial Services Committee (HFSC) hearing entitled, "Oversight of the U.S. Securities and Exchange Commission: Wall Street's Cop Is Finally Back on the Beat."

Industry News

Department of Housing and Urban Development Announces ANPR on LIBOR Transition

On October 5, the Department of Housing and Urban Development (HUD) announced an Advanced Notice of Proposed Rulemaking (ANPR) for adjustable rate mortgages transitioning from LIBOR to alternate indices.

Industry News

Federal Reserve Board Vice Chair on LIBOR and ESG

On October 5, Federal Reserve Board Vice Chair Randal Quarles delivered the unambiguous message – LIBOR is ending. During his speech at the Structured Finance Association conference, SFVegas 2021, Quarles said he expects to see the market transition to SOFR accelerating in these “final 87 days” of 2021.

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