Cart

Inside MBS & ABS

August 15, 2024

View Archived Issues

Surge in Commercial Mortgage Securitization in 2Q24

Securitization of non-agency mortgages for apartment buildings and hotels saw significant volume increases in the second quarter, while industrial and retail remained strong. However, agency multifamily MBS issuance fell. (Includes two data tables.) Read More

UBS Finds a Buyer for Select Portfolio Servicing

UBS disclosed that it’s set to sell Select Portfolio Servicing, a major servicer of loans in non-agency MBS, to an unidentified buyer. Read More

GSE CRT Activity Wavers in Second Quarter

For the sixth straight quarter, CAS issuance at Fannie Mae exceeded STACR issuance at Freddie Mac. Overall CRT issuance by the GSEs was down 18.0% in the second quarter. (Includes data table.) Read More

Senator Calls for Additional Guardrails on Bank CRT Activity

Sen. Jack Reed, D-RI, warned that credit-risk transfer issuance by banks could prompt a financial crisis. He asked the Fed to place limits on bank CRT activity. Read More

OCC Rejects Effort by Bank With SPV Transaction

A bank sought approval from the OCC to have a special purpose vehicle treated as a securitization for capital requirement purposes. The OCC demurred, noting that just because the transaction was an SPV didn’t make it an ABS. Read More

Chase Expects to Issue Prime Jumbo MBS Backed by ARMs

JPMorgan Chase has begun marketing a rare prime jumbo MBS backed entirely by adjustable-rate mortgages. Read More

Ginnie Mae Woos Foreign Investors With Mexico Event

The executive president of the Mexican Association of Retirement Fund Administrators noted that some Mexican investors see U.S. MBS as a riskier investment than U.S. Treasuries. Read More

Mixed Outlook for MBS and ABS Performance

Residential MBS is projected to do fairly well during a mild economic downturn, while auto and student loan ABS may experience some issues, according to projections by Moody’s Investor Service. Read More

Latest Imf News

More Imf News

Featured Data

More Featured Data

Featured Reports

More Latest Reports

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

View Results