According to Michael Daurio, head of capital markets at AMIPM, an investor in distressed mortgages, the structured finance market has been on a wild ride...

The CFPB has batted around the idea of a nonbank registration system for years...

The fintech was sanctioned by Washington state for licensing and other violations...

Now, if the house was in Jones Beach, that might be a different matter...

MBS and ABS participants gathered in Las Vegas this week, discussing volatility and weak demand from investors. The consensus? Buyers will remain cautious until getting a better handle on the Fed’s actions.

FHFA is working on an alternative to the single counterparty fee, triggered by a controversial provision in the new capital rule, that requires the GSEs to hold capital against one another as counterparties.

Much like in other parts of the MBS and ABS markets, spreads are widening on CRT issuance from the GSEs, prompting some changes in activity at Fannie Mae and Freddie Mac.

Angel Oak Director Robert McDonough noted the difficulties in pricing climate risks into securities. However, once investors can more actively analyze risks, residential MBS loan pools are likely to change, he said.

Mortgage insurers are good at analyzing credit risk, which might be why a second MI, Radian, has entered the non-agency conduit arena.

Lower origination levels continue to impact agency MBS trading volume. Meanwhile, credit quality fears are starting to gain traction in some quarters of the industry.