October was the busiest month of the year for non-agency MBS issuance. Activity has been limited thus far in November, though there are plenty of deals in the pipeline.
Slow runoff speeds mean that low-coupon MBS make up a growing share of the Fed’s balance sheet. Does that mean the Fed will begin selling MBS outright?
MBS trading volume had its best month of the year in October. Might higher tariffs promised by a new White House force rates higher, damaging the mortgage market?
Cherry Hill Mortgage Investment continues to work toward an internal management structure, which would require a break from management affiliated with Stanley Middleman, CEO of Freedom Mortgage.
Issuers that show strong results from MSR hedging will receive relief from pending capital requirements. The Community Home Lenders of America said the relief will reduce risks to issuers and Ginnie.