New mortgage- and asset-backed securitiza-tion production totaled $1.504 trillion in 2018, the lowest annual output in five years, an exclusive new analysis by Inside MBS & ABS reveals. [Includes three data charts.]
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Late last month, the Securities Industry and Financial Markets Association held a meeting that could impact the future of the Federal Housing Finance Agency’s single security initiative.
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The new year has arrived and along with it a bond market rally that’s causing interest rates to fall, sparking hope that first-quarter mortgage originations and securitizations might turn out to be better than anticipated.
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After having initially been brushed off as unnecessary, a pilot program that allowed Freddie Mac and Fannie Mae to help finance single-family rental activity is now being hailed a success.
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Analysts and investors are keeping a close eye on New Residential Investment Corp. these days, not because of bond market and interest rate fluctuations but because of its close ties to ailing Ditech Financial.
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A new regulation set by the European Union for MBS and ABS issuance took effect at the start of the year. Though the rules don’t directly apply to U.S.-based deals, issuers here might have to comply if they want European investors to buy into their bonds.
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Ginnie Mae again failed to correct an accounting flaw in its financial statements, prompting the Department of Housing and Ur-ban Development to withhold its opinion on the agency’s 2018 financial statement for the fifth consecutive year.
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