REITs

Browse articles from all of our Newsletters related to REITs.

December 2, 2016 - Inside MBS & ABS

MBS Prices Continue to Dive as the Rates Climb; FNMA 3.5 Replaces the 3.0 as the Benchmark

The average daily trading volume in agency MBS hit a yearly high of $224.4 billion in October, according to figures compiled by the Securities Industry and Financial Markets Association. With liquidity improving, the year-to-date average now stands at $206.6 billion, compared to $198.7 billion in 2015. The November reading should be out by the end of next week. Investors might be...


November 11, 2016 - Inside MBS & ABS

Goldman Sachs to Settle CDO Case; Nomura to Pay $3M to NCUA; REIT Accused of Excessive Fees

Goldman Sachs has agreed to pay an undisclosed settlement amount to ACA Financial Guaranty Corp. to resolve allegations of fraud related to insurance on a collateralized debt obligation backed by subprime mortgages. Details of the Abacus CDO settlement were not disclosed, although ACA initially sought $120 million in damages. First filed in 2011, ACA’s lawsuit accused Goldman Sachs and hedge fund Paulson & Co. of fraudulently persuading it to guarantee payments on the CDO prior to the financial crisis. ACA alleged...


November 11, 2016 - Inside MBS & ABS

Mortgage REIT Holdings of Residential MBS Declined In Third Quarter Because of Institutional Departures

Real estate investment trusts that focus on the residential MBS market reported a modest decline in agency MBS holdings during the third quarter, according to a new Inside MBS & ABS analysis. A group of 17 large, publicly traded mortgage REITs held a combined $217.24 billion of agency MBS at the end of September, down 1.2 percent from the mid-year mark. But the decline was largely due to shuffling in the ranks that resulted in two firms exiting the business. Annaly Capital Management completed...[Includes one data table]


November 3, 2016 - Inside Mortgage Finance

New Approaches to Front-End GSE Risk-Sharing Being Explored as Some Lenders Question Bigger PMI Role

Many industry experts are advising Fannie Mae and Freddie Mac to expand so-called front-end approaches to credit-risk transfers that have so far relied heavily on structured debt notes and reinsurance contracts arranged long after loans are sold to the two government-sponsored enterprises. In a comment letter filed with the Federal Housing Finance Agency, Redwood Trust suggested that “a more robust front-end CRT program [should] at least match the volume of back-end transactions.” Through the end of September, Fannie and Freddie have issued $35.88 billion of back-end debt notes covering $1.223 trillion of single-family mortgages, according to Inside MBS & ABS, an affiliated newsletter. Redwood is...


October 28, 2016 - Inside MBS & ABS

GSE Officials Are Eager to Expand Risk-Transfer Program But Show Little Interest in Deeper MI

Fannie Mae this week joined Freddie Mac in announcing a front-end credit-risk transfer pilot that will use additional levels of private mortgage insurance, but the so-called deep MI option looks like a long shot. “Credit-risk transfer is the next big thing, and though we’re already three years into it, it’s still very much a work in progress,” said Donald Layton, Freddie’s CEO, during the annual convention of the Mortgage Bankers Association in Boston this week. “About 50 percent of the credit risk that’s coming in is...


Poll

In 2016, what have you been paying your retail residential loan officers, on average, as a commission?

25 to 50 basis points per loan
51 to 75 bps
76 to 100 bps
101 to 150 bps
More than 150 bps
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