Treasury counselor Craig Phillips advised meeting participants to assure their bosses and government affairs offices that Treasury is fully committed to the project. “If you have problems, tell them to call me,” he quipped.
Kroll Bond Rating Agency and Morningstar Credit Ratings recently expanded the types of products they will assess with new criteria for Property Assessed Clean Energy ABS and single-asset/single-borrower commercial MBS, respectively.
Industry participants are preparing for a transition away from the London Inter-bank Offered Rate in MBS and ABS but more needs to be done, according to an analysis by Fitch Ratings.
Some of the nation’s largest MBS-investing real estate investment trusts are seeing their share values wither a bit as the summer approaches, but for the most part their fortunes look fairly intact.
The agency single-family MBS market did what it was expected to do in May, generating a modest gain in production spurred on by vigor in the purchase-mortgage sector. [Includes two data charts.]
A key Treasury Department official last month said the Federal Housing Finance Agency will remain committed to the single-security initiative no matter who the Trump administration names to take over the regulator of the two government-sponsored enterprises.
Ginnie Mae has restricted three issuers from putting VA mortgages in standard multi-issuer MBS pools as it continues to police the ranks for alleged churning activities.
Brian Montgomery this week was sworn in as FHA commissioner, ready to tackle a number of priorities he promised Congress he would undertake once in office.
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