Prepayment rates are suppressed due to elevated interest rates, prompting runoff in the Fed’s MBS portfolio to be well below the monthly reduction cap.

Among the deals that are exposed to small-business borrowers are trucking and small-ticket equipment asset-backed securities, small-balance commercial ABS and premium finance ABS.

Annaly Capital Management highlighted how environmental, social and governance principles factor into its activities. Leaders at the REIT said ESG analysis can help Annaly deliver “superior” returns.

S&P Global Ratings believes commercial MBS borrowers could face their most significant challenges since the Great Recession.

Credit risk-retention requirements don’t apply to notes issued in connection to a structured PDP well financing, according to Vinson & Elkins attorneys.

Loans for the Westfield San Francisco Centre are in various commercial MBS; Ginnie expands RON options; Fitch rates PennyMac Financial Services; DBRS to assess securitizations of home-equity agreements.

CFPB Director Rohit Chopra said the mortgage market would see severe disruption if the Supreme Court finds the bureau’s funding structure unconstitutional.

The increase in usage of home equity lines of credit suggests that consumers are facing some financial difficulties, the NCUA has warned.

Concerns are growing that a credit crunch of sorts might be on the way for nonbanks as federally insured warehouse lenders begin to pull back. At least one veteran player, Comerica, has exited the space.

What’s a mortgage CEO worth these days? If it’s a public company, that’s a decision for shareholders and the board. Most senior managers had their pay reduced last year, but not all. (Includes data chart.)