Losses on non-agency MBS backed by re-performing loans issued in recent years have been minimal, according to DBRS. Performance has been helped by home price appreciation, and the one deal to suffer significant losses was an outlier in terms of the types of loans it included.
The daily trading volume in agency MBS averaged $209.1 billion in 2017, the best showing in four years, according to the Securities Industry and Financial Markets Association.
A record year in agency multifamily MBS issuance pushed the overall commercial mortgage securitization market to an all-time high in 2017, according to a new analysis by Inside MBS & ABS.
An estimated $475.0 billion of new first-lien mortgages were originated in the final three months of the year, down 4.0 percent from the previous quarter, according to a new Inside Mortgage Finance analysis and ranking.
The Mortgage Bankers Association and the American Land Title Association have joined forces to produce a model piece of legislation to help standardize the process of online notarizations.
Investors are increasingly interested in financing mortgage servicing rights and investing in ex-cess servicing spread strips, according to the law firm of Hunton & Williams. The firm helped a number of companies structure MSR financing transactions last year.
PIMCO is shaking up its mortgage banking affiliate, First Guaranty Mortgage Corp., Tysons Corner, VA, paving the way for the departure of long-time company president and CEO Andrew Peters, Inside Mortgage Finance has learned.
There could be substantial revisions to some major mortgage-related rulemakings from the Consumer Financial Protection Bureau under the direction of Acting Director Mick Mulvaney, such as the ability-to-repay rule and the mortgage servicing rules.
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