If the central bank was required to mark its securities holdings to market, it would be more than $1 trillion in the hole, according to a new research paper.
Fannie Mae has added three new attributes to its daily prepayment report for mortgage-backed securities. The enhancements will provide timely data on principal reductions.
MBS account for a small portion of the GSEs’ mortgage portfolios. However, the portfolios increased in the fourth quarter thanks to Fannie adding to its MBS holdings. (Includes data table.)
Investors greeted “at-the-market” equity offerings by REITs fairly well last year. One analyst described the activity as “defensive” capital raises that strengthen the balance sheet.
Although almost all of the cost of funding a loan through MBS is passed through to consumers, borrowers only see about 40% of the “cost” of a specified pool pay-up.
Annaly Capital Management is preparing to issue a rare non-agency MBS stocked solely with bank-originated adjustable-rate mortgages. Loans in the MBS were originated by Associated Bank.
The National Association of Insurance Commissioners is working to establish a process that would allow the regulator to alter the ratings assigned to certain MBS and ABS held by insurance companies.