Several firms are interested in using blockchain in MBS and ABS but rating services suggest implementation is years away.

June was an exceedingly strong month for MBS activity with the average trading volume reaching $267 billion, according to SIFMA. But next week all eyes will be on the FOMC: Will the central bank hike or not?

Fresh off its sale announcement, Deephaven Mortgage is rolling out a $439.9 million MBS backed mostly by non-QM loans. Meanwhile, with rates falling and originations in the sector remaining strong, other lenders are planning such deals as well.

Non-agency MBS backed by seasoned collateral, mostly nonperforming and re-performing loans, accounted for 54.3% of new issuance in the second quarter. Securitization of newly originated loans slipped 13.5% from the previous period.

With interest rates falling, refis have spiked, creating a wave of principal pre-payments that the Fed has used to cut its MBS holdings.

Investors in securitized products have proposed various standards for establishing a system for communication among bondholders and issuers.

Deer Park Road Management Company was fined for undervaluing non-agency MBS in a hedge fund. The action is aimed at discouraging artificially smooth performance reporting.

The company is set to issue the first post-crisis non-agency MBS stocked entirely with home-equity lines of credit. Fitch assigned preliminary AAA ratings to the deal.

Issuance of MBS backed by non-QMs remains healthy while prime non-agency MBS activity has slowed.