Cart

Inside MBS & ABS

November 16, 2018

View Archived Issues

REIT MBS Holdings Grow in 3Q18 as Industry Continues to Consolidate

Real estate investment trusts boosted their holdings of residential MBS during the third quarter, a period when two firms were acquired by larger players. [Includes one data chart.] Read More

Meetings Scheduled for January as Nonbanks Ponder Impact of Ginnie ‘Liquidity Letter’

Increasingly worried about withering loan production and declining profitability of the mortgage industry at large, Ginnie Mae recently sent a letter to its 14 largest nonbank counterparties, asking them to develop strategies to right-size their operations. Read More

Ellington Financial to Convert to REIT Status; Cites Significant Tax Savings

Tax cuts signed into law at the end of 2017 prompted Ellington Financial to make plans to convert from a partnership to a real estate investment trust. The maneuver will require the company to sell some holdings that don’t meet REIT asset requirements, including collateralized loan obligations and investments in foreign MBS. Read More

Judge Allows ABS Investors to Intervene in CFPB Case Against Securitization Trusts

The Structured Finance Industry Group has welcomed a recent court ruling that allows ABS investors to intervene in a case brought by the Consumer Financial Protection Bureau that aimed to hold securitization trusts liable for violations committed by servicers. Read More

MBS Trading Volume Hits a Four-Month High, But Anxiety Prevails in the Overall Mortgage Market

The average daily trading volume in agency MBS increased to $222.7 billion in October, the best reading since June, according to figures compiled by the Securities Industry and Financial Markets Association. Read More

Wall Street Pleased by Dismissal of Controversial CDO Bankruptcy Case Prompted by Senior Investors

An involuntary bankruptcy of a $630.2 million collateralized debt obligation was dismissed late last week, prompting praise from the Structured Finance Industry Group. Investors in senior tranches of the CDO had sought the bankruptcy, which SFIG warned would have yielded negative consequences for the securitization industry. Read More

Wells Fargo Settles MBS Trustee Suits; Jury Awards $27.8 Million to ResCap; NY Court Affirms Ruling

Wells Fargo Bank last week agreed to a $43 million settlement with a group of institutional investors to resolve two class-action lawsuits related to certain legacy residential MBS that resulted in huge investor losses. 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