Plano, TX-based nonbank NFTN recently failed and its servicing transferred to Ginnie Mae.

Home prices in high- and low-cost neighborhoods converge in counties that have a high concentration of nonbank originations.

It’s been almost 20 years since the ABS market had a quarter like the first three months of 2024. Some 72 of the 114 issuers that brought deals to market in the first quarter were on the sidelines in the previous period. (Includes three data tables.)

Several factors will likely limit changes in prepayment activity in Ginnie MBS as the VA implements a new loss-mitigation program.

You thought rates would be falling by now, causing the MBS you own to spike in value. Right? It didn’t work out that way, but it might now. Advice: Bet on a rate cut from the Fed by the fall.

Uncertainty about interest rate cuts has led more auto ABS issuers to consider clean-up calls.

KBRA found that new multifamily construction could increase risks for MBS concentrated in certain cities.

The collapse of commercial real estate during the 2008 financial crisis wasn’t the result of poor underwriting by lenders, but due to a widespread misperception of risk, according to a new Fed paper.

Ginnie to increase reporting requirements on defaults, loss mitigation; Fitch prepares to rate commercial PACE securitizations; loans for hotels near Disney World head into commercial MBS; FHA extends waiver tied to Ginnie multifamily MBS.

Refinance volume was up across the board in first-quarter agency business, but the sharp spike in VA activity caught the most attention. (Includes three data tables.)