Issuance of CLOs and CDOs fell 19% from the fourth quarter to the first quarter of 2019, largely due to a sharp decline in refinance transactions.
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It's not everyday that an MBS-investing REIT weighs in on GSE reform, but then again, Annaly Capital Management isn't just any REIT — it's the nation's largest. Bottom line: Annaly wants more MBS guarantors.
Experts discuss mortgage-servicing from the standpoint of business practices: Who buys them? Who owns them? How are they financed? And the evolving roles of banks and nonbanks in the Ginnie Mae space.
Deer Park Road Management Company was fined for undervaluing non-agency MBS in a hedge fund. The action is aimed at discouraging artificially smooth performance reporting.
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Grapevine: Declining interest rates can cause MBS investors to fret over prepayment speeds, but several players are using the reduction to sell debt, issue new stock and engage in buyback programs.