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Investors in Bulk MSRs are Kicking the Tires Once Again

November 20, 2020
Paul Muolo

Late this week there was talk in the market of two fairly large packages up for grabs: a $13 billion portfolio of conventional mortgage servicing rights and a $25 billion offering...


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Banks Gobble Up GSE MBS in Historic 3Q20 Buying Spree

November 20, 2020
John Bancroft

Federally insured depositories added a whopping $115.23 billion to their aggregate single-family MBS portfolio during 3Q20, according to Inside MBS & ABS...


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SBC Senators Warn FHFA and Treasury About Giving Away the GSE Store

November 20, 2020
Paul Muolo and Dennis Hollier

Sens. Warner and Rounds both serve on the Senate Banking Committee. Virginia, Warner's legislative turf, is home to Freddie Mac.


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After a Lull in the Action, Two Non-Agency Deals Arrive on the Horizon

November 20, 2020
Brandon Ivey

After a three-week lull in deals, JPMorgan Chase and American Mortgage Investment Partners Management are marketing new non-agency MBS.


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A Good Month for MBS Trades. As for Rates …

November 19, 2020
Paul Muolo
MBS traders and investors had a field day in October as trades jumped to a high not seen since earlier in the year. Then there’s the Fed …
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Investors Return to Consumer ABS, But Risks Remain

November 19, 2020
Yemeng Yang
Strong performance of outstanding marketplace consumer loan ABS is bringing issuers and investors back to the market. But default risks will likely increase through the remainder of the year, according to analysts.
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Annaly Increases Credit Investments

November 19, 2020
Brandon Ivey

Annaly issued $1.0 billion of non-agency MBS during the third quarter, depleting its whole-loan holdings...


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Banks and Nonbanks: The Equality Fight

November 19, 2020

Caliber hopes to go public one of these days, while Freedom presently has no desire to test the IPO waters.


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A Rebound for MSR Bulk Deals?

November 19, 2020
Paul Muolo
Servicing advisors are using the phrase “green shoots” to describe what looks like a revival in MSR sales. But don’t pop the champagne quite yet.
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The Final Word: FHFA Mandates 4% Tier I Capital for the GSEs

November 19, 2020
Paul Muolo and Dennis Hollier

In a 12-page fact sheet on the announcement, the regulator notes the final rule is “similar in key respects to the proposed rule, with certain enhancements and other changes made in response to comments.”


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