New prohibitions against conflicts of interest in the MBS and ABS market will take effect in June 2025. But SEC officials are urging industry participants to raise compliance concerns, if any, as soon as possible.
If the central bank was required to mark its securities holdings to market, it would be more than $1 trillion in the hole, according to a new research paper.
Fannie Mae has added three new attributes to its daily prepayment report for mortgage-backed securities. The enhancements will provide timely data on principal reductions.
MBS account for a small portion of the GSEs’ mortgage portfolios. However, the portfolios increased in the fourth quarter thanks to Fannie adding to its MBS holdings. (Includes data table.)
Investors greeted “at-the-market” equity offerings by REITs fairly well last year. One analyst described the activity as “defensive” capital raises that strengthen the balance sheet.
Although almost all of the cost of funding a loan through MBS is passed through to consumers, borrowers only see about 40% of the “cost” of a specified pool pay-up.
Annaly Capital Management is preparing to issue a rare non-agency MBS stocked solely with bank-originated adjustable-rate mortgages. Loans in the MBS were originated by Associated Bank.