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Volume 2014 - Number 1

January 10, 2014

Downloads Available: MBS Market Share by Program - 4Q13

Downloads Available: Mortgage & Asset Securities Issuance - 4Q13


Securitization Market Shivers in Late 2013 As MBS and ABS Production Drops Sharply

New issuance of single-family MBS and non-mortgage ABS fell sharply in the fourth quarter of 2013 as mortgage refinance activity continued to decline and ABS production ended the year quietly, according to a new Inside MBS & ABS analysis. Monthly production of single-family MBS went into a steady, year-long decline at the beginning of 2013. In December, total single-family MBS issuance fell to just $77.1 billion, the lowest monthly production figure since July 2011. December marked the third straight month with MBS issuance below $100 billion, and it gave the fourth quarter an anemic $254.8 billion in total issuance – a two-and-a-half-year low. Although Freddie Mac scored a minor increase in December, the agency MBS market fell...[Includes two data charts]

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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.

 

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Poll

HUD has announced a 25 basis point cut in FHA premiums, which is slated to take effect in late January. Is your lending shop for or against a cut in FHA premiums?

For. It should help lending volumes.
Against. The private MI sector should take on this risk, not the government.
Too early to say.
I believe the new White House may scuttle the idea so it doesn’t matter.

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