While its net income declined annually for the second consecutive year, CEO Hugh Frater touted Fannie Mae’s resiliency in a record year for providing mortgage liquidity.

Deals, trends and research in structured finance and asset-backed securities for the week of Feb. 5-11

The deal is similar in size and credit metrics to Caliber’s January private-label deal, albeit with a slightly higher borrower WA FICO (742) and smaller share of dirty-current loans.

Opportunity Financial, which offers consumer installment loans in partnership with banks, is merging with FG New America Acquisition Corp., a special-purpose acquisition corporation. The deal is expected to close in the second quarter.

The company purchased $1.1 trillion of single-family mortgages and $83 billion of multifamily loans during 2020.

Interim CFPB Director Dave Uejio expressed concern that financial institutions have dragged their feet in resolving disputes with consumers for service issues during the pandemic.

The Japanese lender will back $526 million in U.S. dollar-denominated notes with receivables of domestic new- and used-car loans from domestic borrowers.

Homeowners still deferring payments on federally backed loans as of Feb. 28 will be permitted to request an additional three months of relief.

Vornado, a publicly traded REIT, and CPPIB have invested over $64.2 million in capital improvements to the historic One Park Avenue building since 2014.

The eight-year-old finance company closed on its fourth overall securitization, in what was its largest ABS bond issuance to date.

Gains in consumer financial stability helped to decrease the rates of distressed home loans, but job creation is needed to make recovery sustainable, a CoreLogic report found.

The first mortgage securities offering on through its Sequoia trust is also Redwood's largest-sized deal in the past year.