While non-agency CMBS and agency multifamily issuance both declined from the second to the third quarter, year-to-date issuance continued to run significantly higher than during the first nine months of 2020. (Includes two data charts.)
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Ocwen, which had plans to ramp up its clean-up calls of non-agency MBS, put the activity on hold following a pricing issue with Deutsche Bank, a trustee for the MBS.
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S&P recently downgraded its view of home prices at the national level to overvalued from undervalued. How rating services view home prices plays a role in credit enhancement levels for non-agency MBS.
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What’s with the amended repo transactions at Rocket and other companies? It could be a case of yearend housekeeping but originations and securitizations are expected to decline next year. Right?
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Bridge Investment Group, a major player in the multifamily sector, said the proposed changes to the enterprise regulatory capital framework could actually increase the capital requirements for the GSEs.
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The structured finance industry discussed the effectiveness of return-to-workplace policies during a recent workshop organized by the Structured Finance Association.
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