Most sectors of the structured-finance market saw declines in new issuance during the first quarter of 2022, including a steep drop in single-family agency MBS production. (Includes three data charts.)
Read More
MBS and ABS tied to floating-rate assets could see rising delinquencies as interest rates increase. Inflation also remains a concern, though Fitch and Moody’s suggest that most deals can weather the storm.
Read More
Non-QM lending was supposed to be an industry bright spot this year, but unhedged loan pipelines are causing selected damage throughout the sector. One victim: Sprout Mortgage.
Read More
Secondary market player Maxex has received a new round of funding from its backers, but details are a bit light. The platform hopes to engage in more non-QM trading this year.
Read More
Only 4% of MBS and ABS assessed by Fitch received a positive rating impact from ESG factors. Meanwhile, S&P is set to expand its assessments in the ESG space.
Read More
The reputation of being a safe, liquid asset adds about 47 basis points to the “convenience premium” of agency MBS over investment grade bonds, according to the National Bureau of Economic Research.
Read More