Cart

Inside MBS & ABS

December 8, 2017

View Archived Issues

Agency MBS Issuance Up Slightly in November As Freddie Mac Notches Another Big Month

Issuance of agency single-family MBS was up modestly in November, stemming a two-month slide in production, according to a new Inside MBS & ABS ranking and analysis. Read More

Ginnie Mae Announces New Measures to Address Rapid Refinancing, High Prepayments in MBS Pools

Ginnie Mae this week announced new guidelines to curb the churning of VA loans and high MBS prepayment speeds – the first in a series of measures developed by a joint Ginnie/VA task force to address the problem. Read More

Hensarling Outlines Keys to Housing-Finance Reform As Momentum Builds, a Bright Future for Ginnie?

It appears that Congressional reform of the housing-finance system – and final resolution of Fan-nie Mae and Freddie Mac – is back on track with a key piece of good news for MBS investors: an ex-plicit federal guarantee on conventional product looks likely. Read More

Single Security and CSP On Target for 2019, Steps To Prepare Market Participants Being Taken Now

The single security initiative and issuance of the first uniform MBS are on track for implementa-tion and issuance in the second quarter of 2019 and the government-sponsored enterprises are taking steps to make sure the market is ready, according to a progress update released this week by the Feder-al Housing Finance Agency. Read More

Issuance of Non-Agency MBS Backed by Non-QMs Set to Take Off in 2018, Including Nonprime and Prime Loans

The dollar volume of non-agency MBS backed by non-qualified mortgages could double or even triple next year, according to industry analysts. The increased issuance is expected to come from nonprime and prime borrowers who don’t qualify for conforming mortgages. Read More

REITs and Nonprime Originators Looking to Strike ‘Working Relationships’ that Benefit Both of Them

A handful of real estate investment trusts are looking to partner with nonprime lenders in a move that could help prime the pump for a significant increase in securitizations of non-agency mortgages that stretch the credit box. Read More

ABS Backed by Annuities and Life-Contingent Structured Settlements Earns AAA Rating

A subsidiary of DRB Capital is set to issue a $59.9 million ABS backed by annuities and life-contingent structured settlement receivables. The deal received AAA ratings from Morningstar Credit Ratings late last week. Read More

Private Sector Debates CRT Transaction Structures in Latest HFS Subcommittee Hearing on Housing Reform

Panelists during a House Financial Services Subcommittee on Housing and Insurance hearing this week disagreed on the type of credit-risk sharing transfers that future MBS guarantors should use in a reformed housing-finance system. Read More

Reducing Loan Payment Was More Effective Than Cutting Principal During Financial Crisis: JPMCI

A recent report from the JPMorgan Chase Institute found that payment reduction was the most effective form of post-crisis loan modification, and a 10 percent drop in the mortgage payment lowered default rates by 22 percent. Read More

Latest Imf News

More Imf News

Featured Data

More Featured Data

Featured Reports

More Latest Reports

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

View Results