Banks and thrifts purchased a significant share of the net growth in agency MBS outstanding during the second quarter as Federal Reserve buying slowed. (Includes two data charts.)
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In a joint statement, the CEOs of Fannie and Freddie said the new adverse market fee will not increase borrowers’ costs, it will only reduce their savings.
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As investors sift through the tea leaves of the bond market, the average daily trading volume in agency MBS increased 11% in July from the month prior. But where we go from here is anyone’s guess.
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The bull market in debt offerings by mortgage-related vendors continues. The latest participant: ICE, which is buying Ellie Mae for a stunning $11 billion.
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The Federal Reserve’s lending program is credited with helping the MBS and ABS sector even though investor demand is falling short of expectations.
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The rating service its stepping away from rating new commercial MBS backed by single-borrower hotel loans due to uncertainty prompted by the coronavirus. Only one such deal has been issued since April.
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