Commercial banks upped their MBS holdings by 6.4% in the first quarter, staying ahead of a still-hungry Federal Reserve that boosted its portfolio by 7.1%. (Includes two data charts.)
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When one window closes, another opens. That seems to be the case when it comes to reducing purchase caps placed by the GSEs on investor loans. Lenders are not happy but investment bankers love it.
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FICC, which provides clearing services for most to-be-announced trades, says its existing margin methodologies failed to provide adequate credit protection during the market turmoil last spring.
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Based on activity over the past year, mortgage IPOs can sometimes underwhelm. Angel Oak’s was no exception but investors in the common shares are betting on non-QM lending taking off in the years ahead.
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When Congress passed the Dodd-Frank Act in 2010, the SEC had nine months to issue a rule on conflicts of interest in the securitization market. The proposed rule on the issue has been pending since 2011.
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Aircraft market values have not recovered post-pandemic, according to Fitch Ratings. Also, improvements will drag on due to supply and demand imbalances. The wild card? Next generation replacement technology, which relegates older airline models to the hangar.
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Freddie’s multifamily unit issues a social bond backed by hundreds of single-family loans that fund the development of community-based group homes.
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