Rated ABS issuance was relatively flat in the second quarter. In the non-agency MBS market, rated production was buoyed by the surging home-equity sector. (Includes two data tables.)
While seller repurchases of Fannie loans fell sharply in the second quarter, buybacks of Freddie loans were up. Rocket Mortgage and United Wholesale Mortgage ranked at the top of GSE buybacks for the first half of the year. (Includes three data tables.)
Insurance companies are making a splash in the MBS market, as a number of different investor classes are tapping the agency — and non-agency — sectors. (Includes two data tables.)
Bank holding companies reported a 13% increase in the volume of MBS and ABS held in their trading accounts during the second quarter. Most of the increase was in agency single-family MBS. (Includes two data tables.)
Most of the top bank ABS investors reported declines in their holdings during the second quarter. Radius Bank and Capital One bucked the trend by growing their portfolios. (Includes two data tables.)
Although bank holding companies keep most of their CLO investments in held-to-maturity accounts, the value of CLO classified as available-for-sale was up slightly in the second quarter. (Includes data table.)