Securitization rates held steady in the second quarter for conventional-conforming as well as government-insured mortgages. In the non-agency market, demand from MBS investors declined. (Includes data table.)
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.
A rise in securitization of expanded-credit mortgages from Annaly Capital Management and Invictus Capital Partners helped the ECM securities market grow in the second quarter. (Includes three data tables.)
Second-quarter Ginnie Mae securitization growth was strongest among purchase-loan originations. But refis picked up steam over 2023. (Includes four data tables.)