Securitization rates increased for GSE-eligible loans, government-insured mortgages and non-agency mortgages. While bank demand for jumbos is declining, the vast majority of the loans don’t go into MBS. (Includes data table.)
If you’re looking for positives in the residential REIT sector, take a peek at how their debt is trading these days — most north of 90 cents on the dollar. Credit belongs to lower interest rates.
A significant portion of the net revenue lenders earn on small-balance loans can be attributed to the premiums investors pay for specified pools, according to an analysis by Fannie Mae.
FDIC member suggests delaying capital requirements; Ginnie strengthens reporting requirements for nonbanks; confusion on Mr. Cooper’s reporting to Ginnie MBS investors; GSEs prep green disclosures; LendingPoint securitizations on watch for downgrade amid servicing issue.
Freddie stood out as the only agency to do more single-family business in November than in the previous month, and some of that was because several top sellers shifted some GSE business away from Fannie.
To many in the industry, it looks as though the worm has turned and lower rates are a sure thing, thanks to recent benign inflation readings. But maybe not and that’s why CHLA is continuing its efforts regarding MBS buyers and more.
The red-hot vehicle ABS market saw intense competition between S&P and Fitch for ratings supremacy. Kroll rode the resurgent ECM MBS market to boost its share of rated issuance. (Includes two data tables.)