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
Economists See Liquidity Risk in the MBS Market December 22, 2022 Dennis Hollier With the Fed and banks no longer supporting the MBS market, liquidity depends on small investors and nonbank financial institutions.Read More
Second-Level MBS Issuance Tracks 3Q22 Market Slump December 20, 2022 John Bancroft New rules from the FHFA require Fannie and Freddie to hold more capital for commingled Supers...Read More
Bad News for Refis: 94.5% of Agency MBS Has Current Interest Rates of 5.0% or Less December 16, 2022 John Bancroft For many homeowners, their current mortgage rate is too valuable (low) to give up...Read More
SFR Giant Invitation De-Levers by Prepaying MBS December 15, 2022 Paul Muolo When times get tough, the smart money starts to find ways to save money any way it can. If you’re SFR REIT Invitation Homes, prepaying an outstanding MBS is one way to go.Read More