Despite early fears that the MBS portfolios of the now-defunct Silicon Valley Bank and Signature Bank would be a hard sell, the market has responded favorably to sales of the securities.
MBS trading increased in June. That’s the good news. But for trading to really take off, the Fed needs to cut rates, an unlikely prospect until next year.
The Community Home Lenders of America is pushing for Congress to create a cash window for deliveries to Ginnie Mae. Former Ginnie President Ted Tozer noted the agency’s charter doesn’t allow it to operate a cash window.
Is the mortgage REIT sector in for a turnaround? Maybe so, but some companies will be paying more money to preferred shareholders who bought variable-rate debt that reprices in 2024.
AG Mortgage Investment Trust lodged a competing bid for Western Asset Mortgage Capital; Fannie, Freddie, Ginnie added to MBS disclosures; RMF sold some reverse mortgage MSRs.
A suggestion for limiting interest rate risk at banks; tighter spreads for Fannie’s new CRT; Victory Park Capital launches structured finance unit; and more.
Ginnie Mae MBS issuance finally caught up to sharp declines in primary-market originations, while ECM securitization was buoyed by more-seasoned loans.
RSS