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Inside MBS & ABS

October 8, 2020

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Agencies Push MBS/ABS Over the $1 Trillion Mark in 3Q20

Production levels surged for agency 1-4-family MBS, non-mortgage ABS and commercial MBS from the second to the third quarter. Nonbanks continued to dominate the agency market. Includes three data charts.) Read More

Servicing-Advance Obligation Still a Concern for Nonbanks

Nonbanks in the process of making their public debuts note that the refi boom (probably) won’t last forever, and they could eventually face financial difficulties making servicing-advance payments for loans in forbearance. Read More

All’s Quiet on the Ginnie PTAP Front. Maybe Later?

Accelerating delinquencies and forbearance claims have yet to cause a liquidity crisis for Ginnie Mae issuers. How can that be? Funny you ask... Read More

MBS/ABS Market is Out of Step with Economic Reality

Issuance in the MBS and ABS markets seems to be humming along with tighter spreads. But industry participants warn investors should beware of over-optimism. Read More

Data on Forbearance Exits Clear Only on the Surface

Fannie Mae’s credit-risk transfer loan-level data show 21.0% of borrowers that were in forbearance in June exited when their relief plans expired in July. That works out to 1.7% of the government-sponsored enterprise’s outstandings. Read More

New York Court Dismisses Usury Claims Against Chase

The ruling partially lifts the cloud surrounding a 2015 ruling over the valid-when-made doctrine, providing banks with legal arguments to defend their securitization trusts against state usury laws. Read More

Ginnie Awards $140M Contract to Deloitte for Cloud Solution

Deloitte will assist Ginnie Mae in consolidating its legacy platforms and improve services using cloud solutions. Another tech-related contract was awarded as well. Read More

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