The consumer sectors to watch out for include student loans, subprime auto and retail credit cards, according to Fitch Ratings.

Norton Rose Fulbright’s Andrew Lom detailed some of the advantages and disadvantages of using blockchain in the securitization space.

Volume for both purchase mortgages and refis was down at the mortgage giant, but profits increased on the back of higher home prices.

Loan repurchases from Ginnie MBS in the first quarter of 2022 neared pre-pandemic levels as delinquency rates declined. Loan removal trends vary among the top servicers. (Includes two data charts.)

Ginnie hopes to align, to the extent possible, its revised capital requirements for seller/servicers with FHFA’s standards. Industry participants are pushing for uniformity that isn’t too stringent.

Sprout isn’t returning media inquiries these days, but chatter is spreading about $200 million worth of non-QM loans it was trying to place.

Issuance of expanded-credit MBS slowed in April after a surge in the first quarter. Rising interest rates played a role in both moves.

Annaly is selling its noncore holdings to focus on residential mortgage investments. Its agency MBS business continues to shrink, but not dramatically.

Higher prices on mortgages for highly qualified borrowers could mean more cross-subsidy for less qualified borrowers.

Market participants detail why reverse mortgages, particularly in non-agency MBS, are a compelling investment.