About half of recent loan curtailments have been followed by recasts. For investors in smaller MBS pools, that could be mean a higher weighted average maturity than expected, RiskSpan said in a recent analysis.

CRT transactions from Western Alliance Bank and Pacific Western Bank face scrutiny amid bank failures; impairments on unsecured consumer loans in ABS decline; Credit Suisse and what’s to come.

The RMBS rating business nearly ground to a halt in the fourth quarter, but ECM was the place to be in 2022. ABS fared a little better, with business-finance and consumer deals showing relative strength. (Includes two data charts.)

What ails the mortgage market? Answer: high interest rates. But would creating more MBS buyers ease the pain? At this point, it’s an academic equation.

Agency MBS industry insiders recently discussed specified pools, prepayment rates, home price growth and problems with ESG investing.

Questions raised by the Fed prompted big banks to pause CRT issuance. Also, CRT issuance by the GSEs is expected to slow in 2023.

Ginnie Mae is seeking a new executive vice president and chief operating officer, a position that became vacant just last week.

After undertaking drastic leadership changes in December, Chimera is now looking to expand its investments beyond reperforming loans.

FINRA said the implementation of the amended Rule 4210 can’t take place until the SEC formally rescinds a 2022 stay.

There may be a rush to amend CLOs before the June 30 LIBOR transition deadline, according to S&P.