Agency issuance of real estate mortgage investment conduits backed by single-family MBS jumped significantly higher in the first quarter of 2018, led by a huge increase in Freddie Mac production, according to a new Inside MBS & ABS analysis. [Includes one data chart.]
S&P Global Ratings has rated its first Property Assessed Clean Energy (PACE) securitization deal, which could help perk investor interest in the fledgling asset class.
Mel Watt has roughly eight more months in office, but already industry lobbyists and GSE watchers are playing “guess who the next FHFA director might be.”
There was a healthy flow of mortgage servicing rights during the first quarter of 2018, but it’s unclear whether this year will match the prodigious transaction volume recorded in 2017. Transfers of single-family agency servicing rights totaled an estimated $121.76 billion in the first three months of 2018, according to an exclusive Inside Mortgage Trends analysis of mortgage-backed securities data from Fannie Mae, Freddie Mac and Ginnie Mae ... [Includes three data charts]
The nation’s largest depositories posted weak origination results for the first quarter – noticeably weaker than some of the top-ranked nonbanks they compete against. According to an analysis by Inside Mortgage Trends, market leader Wells Fargo suffered a 19.5 percent sequential origination decline while its three closest bank competitors – JPMorgan Chase, U.S. Bank, and Bank of America – fared even worse. The number two-ranked JPM ... [Includes one data chart]
The relatively low homeownership rate seen after 2008 has been pinned on the burden of student-loan debt, among other factors. It turns out that borrowers with student-loan debt actually have higher homeownership rates than other consumers, according to a working paper published recently by the Federal Reserve. The Fed researchers combed through federal student-loan databases and tax returns, including mortgage-related filings. They found that student-loan debt ...
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