Banks and MBS? The Love Affair Continues February 18, 2022 John Bancroft Banks and thrifts generated $51.76 billion in interest income from MBS investment last year.Read More
A Big Surprise? Deliveries Above the 2021 Baseline Loan Limit Spike in January February 17, 2022 Based on trends from prior years, roughly $25.0 billion of mortgages above the 2021 conforming loan limit would have been expected to be delivered to Fannie and Freddie in January...Read More
Secondary Market Deliveries Earn a Reprieve in January February 16, 2022 Dennis Hollier The year-over-year drop in production was almost across the board, with nearly 80% of the top 100 sellers showing declines in January...Read More
Unison Plots Growth in Home-Equity Sharing February 16, 2022 Paul Muolo The “A” bond on the securitization pays investors 4.5%...Read More
A Stellar Year and Quarter for Fannie Mae, Net Worth Climbs to $47.4 Billion February 15, 2022 Paul Muolo and Dennis Hollier Fannie's net worth keeps climbing but its new CFO notes the MBS guarantor is "significantly" undercapitalized...Read More
Agency Multifamily Boosts CMBS to Record Issuance in 2021 February 11, 2022 John Bancroft What’s remarkable about the 2021 rebound in non-agency issuance is that several key sectors in commercial real estate still face long-term challenges.Read More
Redwood’s Net Income Drops by 50% February 10, 2022 Brandon Ivey Moves by the Fed and a crowded prime non-agency MBS market led to lower income for Redwood...Read More
Whole-Loan Prices for Non-QMs Slip... February 9, 2022 Paul Muolo The lower pricing means MBS deals can still get done, but non-QM originators will be forced to raise their rates to make the numbers work.Read More
Ginnie Issuance Continues to Slide February 8, 2022 Monica Hogan Three of the top five government issuers in January managed to post gains...Read More
Angel Oak, AmWest Top Contributors to ECM MBS in 2021 February 7, 2022 Brandon Ivey For years, Angel Oak has operated a vertically-integrated origination and securitization operation.Read More