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.

While Senate Democrats largely called for additional federal aid, Republicans sought more accountability for existing programs.

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.

A look back at prior interest rate cuts by the Federal Reserve suggests that agency MBS outperform competing assets in that environment.

Credit unions have found a way to unload low-coupon agency-quality mortgages through participation deals. MIAC is working on a $100 million transaction.

Fitch Ratings warned that MBS and ABS could face credit implications following cyberattacks involving the parties in structured finance transactions even when the events don’t directly lead to payment defaults.

The American Bankers Association and other trade groups want the court to vacate the new standards under the Community Reinvestment Act.

While FHFA didn’t provide details, lenders believe the agency wants the GSEs to coordinate their mortgage repurchase request policies.

A mini-price war from UWM and it’s not even March. As one warehouse veteran put it: “It’s a little like the old Rockefeller tactic of pricing out the competition. It seems to work, but at a cost.”

Federal Reserve Chair Jerome Powell acknowledged that housing sector activity has been largely subdued due to high interest rates. However, he said the central bank is “not targeting housing price inflation.”