New Securitization Sputters in Final Quarter of 2022 January 6, 2023 John Bancroft Another way to view it: 2022 was the seventh-highest annual output ever...Read More
FICC Increases Fees for MBS Trades, Services January 5, 2023 Brandon Ivey Fees associated with MBS trades and other services provided by the Fixed Income Clearing Corp. increased Jan. 1. The FICC said the fee hike was necessary due to lower revenues and higher expenses.Read More
Agency Market Staggers in December, Ginnie the Largest Issuer in 4Q at 38% January 5, 2023 John Bancroft In the fourth quarter, Ginnie was the largest issuer of agency MBS with a 38.1% share...Read More
HUD IG: Loans in Ginnie Pools Not Always Insured January 3, 2023 Monica Hogan Not knowing whether its pooled loans are insured puts Ginnie at increased financial risk...Read More
A (Bit of a) Rare Breed: A Securitization Backed by Open-End HELOCs December 30, 2022 Paul Muolo CMG is a privately held nonbank lender/servicer controlled by industry veteran Chris George.Read More
Headed Lower: MBS Trading Volumes... December 30, 2022 Paul Muolo In November, just $81.9 billion of MBS backed by single-family loans was issued by Fannie Mae, Freddie Mac and Ginnie Mae.Read More
MBS Creation Slides for Seventh Consecutive Month December 27, 2022 John Bancroft Securitization rates ran unusually high in 2020 and 2021 because of the epic wave of agency-bound refis...Read More
Western Alliance Taps the Non-QM CRT Well Once Again December 22, 2022 Namrata Bhatia As part of its latest risk-sharing effort, WAB sold tranches amounting to $95.0 million.Read More
MBS Trading Volume — The Yearend Doldrums and More December 22, 2022 Paul Muolo Interest rates have been falling of late, which is bolstering MBS values. Still, trading volume continues to decline as the year winds down.Read More
Loans in Ginnie Pools Not Always Insured, HUD OIG Says December 22, 2022 Monica Hogan Not knowing whether its pooled loans are insured puts Ginnie at increased financial risk, the inspector general’s report said.Read More