Non-agency MBS issuers typically ensure properties in the deal are damage free. That standard can be difficult to achieve if a hurricane strikes while the deal is still in the works.

FHA lenders said the proposed rule would raise the cost of multifamily construction lending.

Issuance of non-agency MBS backed by scratch-and-dent mortgages to date this year has surpassed issuance through all of 2023.

Morningstar plans to create the first ratings criteria specifically for securitization of loans for home improvement projects.

The securitization will retire a similar transaction that was issued a year ago. Rating services raised some concerns about changes in streaming and risks from songs generated with AI.

While impairments initially rise following a hurricane, borrowers with loans in ABS typically get back on track, according to dv01.

Deals rated by Moody’s successfully navigated the end of LIBOR reporting; vintage MBS wrapped by MBIA downgraded; GSEs, Ginnie increase MBS disclosures; ICE offers emissions estimates for MBS; new TBA trading app from South Street Securities.

Delinquencies are projected to increase across asset classes, though some sectors will be hit harder than others.

The Federal Reserve should allow banks to increase issuance of credit-linked notes, according to House GOP lawmakers.

Fed researchers say most mortgages will remain out of the money for the foreseeable future, which means redemptions of MBS in the Fed’s portfolio may remain below the cap of $35 billion per month.