MBS and ABS tied to floating-rate assets could see rising delinquencies as interest rates increase. Inflation also remains a concern, though Fitch and Moody’s suggest that most deals can weather the storm.

Non-QM lending was supposed to be an industry bright spot this year, but unhedged loan pipelines are causing selected damage throughout the sector. One victim: Sprout Mortgage.

The Fed revealed this week that any sales from its agency MBS portfolio will be telegraphed well in advance. Still, rates continue to rise.

Secondary market player Maxex has received a new round of funding from its backers, but details are a bit light. The platform hopes to engage in more non-QM trading this year.

Only 4% of MBS and ABS assessed by Fitch received a positive rating impact from ESG factors. Meanwhile, S&P is set to expand its assessments in the ESG space.

The reputation of being a safe, liquid asset adds about 47 basis points to the “convenience premium” of agency MBS over investment grade bonds, according to the National Bureau of Economic Research.

An official from Ginnie Mae detailed how the agency’s tech modernization efforts align with HUD’s strategic and operational goals.

Ginnie Mae will play a crucial role in creating a more inclusive housing-finance system as part of HUD’s strategic plan.

As might be expected, most of the erosion has been in the refinance market.

At press time, Long Island-based company, started by Alt A veteran Michael Strauss, could not be reached for comment.