Last week, the House Subcommittee on Housing and Insurance held its first hearing on the Federal Home Loan Banks since 2011, and there were several suggestions for reform.
Issuance of spec-pool MBS in the second quarter increased at a faster pace at Freddie than at Fannie. Pools of loans for Florida properties continued to be favored over loans from New York and Texas. (Includes data table.)
Issuers of ABS backed by data center assets need to expand their investor base as some approach concentration limits within their portfolios, according to the Kroll Bond Rating Agency.
Adoption of AI in underwriting could significantly reduce refinancing costs for small loans, eroding the prepayment protection low-loan balances have typically provided.