The rounding of home prices in HMDA data complicates the calculation of whether loans below the conforming loan limits are more likely to be securitized into agency MBS in areas affected by climate change.
Money-market funds were the most aggressive buyers of MBS during the first quarter, and analysts think demand from the sector will last. (Includes three data charts.)
Prepayment rates are suppressed due to elevated interest rates, prompting runoff in the Fed’s MBS portfolio to be well below the monthly reduction cap.
Annaly Capital Management highlighted how environmental, social and governance principles factor into its activities. Leaders at the REIT said ESG analysis can help Annaly deliver “superior” returns.
Freddie posted the biggest monthly gains among the three agencies, although Ginnie was still the biggest issuer. Volume was up for both purchase and refinance business.
Data show that, in the wake of natural disasters, lenders are more likely to approve, originate and sell mortgages to the government-sponsored enterprises. This raises issues of moral hazard and adverse selection, according to economists.
Share prices of real estate investment trusts have suffered for years. But could a rebound be on the horizon, ushered in by merger-and-acquisition activity?