New metrics are required to quantify the risk of climate change and rising hazard insurance costs on collateral in MBS.

The Fed launched the Bank Term Funding Program amid the regional bank crisis in 2023 to help avoid fire sales of MBS and other assets. The program is set to end in March as scheduled.

Fed stays course on MBS sales; SFA close to revising data tape for prime non-agency MBS; MBS on watch for rating upgrades by Fitch; subprime auto ABS impairments rise; commercial MBS delinquencies decline; Fannie sees tighter spreads for latest CRT; Morningstar not ready to give positive commercial MBS credit for “mass timber” construction.

Declining multifamily valuations are pushing up capitalization rates while reducing debt service coverage ratios.

The new Mission Index will be used to determine which single-family MBS can be designated social bonds.

Barbara Cooper-Jones, Ginnie Mae’s soon-to-be-retiring tech senior vice present, expresses concerns surrounding staffing and funding at the agency.

MBS prices staged a nice turnaround in the fourth quarter but trading volume weakened in December. A stronger-than-anticipated jobs report in early January sent rates northward but not terribly.

Agency mortgage securitizations can cause riskier behaviors from bank mortgage lenders and potentially lead to bank runs on deposits, according to a new research paper from the Federal Reserve.

Bank of America issued a resecuritization this week tied to a 2017 multifamily K-deal. It’s the first rated issuance of its kind from BofA since 2016. The new resecuritization received an A- rating.

Participants in the MBS and ABS market have widespread concerns about a proposal to adjust capital requirements for large banks. They argue that the proposed capital requirements are unnecessarily high.