In his report, KBW analyst Bose George said, “While Mel Watt, director of the FHFA, was questioned about some of these issues in past congressional hearings, this will be the first hearing to focus exclusively on this topic.”
New MBS and ABS issuance was up slightly from the second to the third quarter of 2018 only because housing markets produced a modest gain in agency single-family business, according to a new analysis and ranking by Inside MBS & ABS. [Includes three data charts.]
Some participants in the MBS and ABS markets aren’t doing enough to prepare for the potential discontinuation of the London Interbank Offered Rate, according to industry analysts.
Years of preparation for single security issuance by Fannie Mae and Freddie Mac appear to be paying off as officials involved in the effort suggest that the government-sponsored enterprises and industry participants appear ready for the transition.
Real estate investment trusts, searching for yield, are looking to expand their role in the non-qualified mortgage market, with an eye toward providing greater liquidity to nonbank originators.