Annaly Capital Management led the pack in sequential MBS growth at 14.5%...

Credit Suisse is entering the non-QM MBS market, sourcing loans from a lender that previously contributed to deals from Western Asset Management Company.

Fitch: “As long as Fannie and Freddie remain in conservatorship and continue to be supported by the substantial funding under the PSPA, their ratings will continue to be linked to the U.S. sovereign rating."

There’s also a lag time involved. A deal might be signed and completed but the MSR portfolios might not actually transfer to the new owner for several months.

New Rez’s investment bankers on the preferred stock offering include Bank of America, JPMorgan, KBR and others…

First Republic Bank is the top contributor to the MBS, with a 27.1% deal share. Other lenders with mortgages in the MBS include Banc of California, loanDepot and Nationwide Bank. The loans have seasoned for an average of 18.7 months.

At Fannie and Freddie, cash-out refinance volume was up 16.0% from June, while rate-term transactions rose 12.6%.

CSS has retained Spenser Stuart – a talent vendor frequently used by Fannie – to conduct an executive search.

The $569.11 million MBS will be the third deal of the year from Verus with a dollar volume greater than $500 million.