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.

Issuance of agency real estate mortgage investment conduits/collateralized mortgage obligations was essentially flat in 2021, with Ginnie sharply increasing its volume while GSE issuance declined. (Includes data chart.)

A new SEC proposal wouldn’t set climate-related disclosures for MBS and ABS, though such standards are still under consideration.

When originations fall, loan trading platforms suffer as well. Maxex, one of the more high-profile traders, recently instituted cuts.

Come April, LLPAs on Fannie/Freddie second-home mortgages and high-balance loans move higher. Good time for a nonbank to start a conduit?

A subsidiary of Entergy Corp. is offering a $290.0 million securitization backed by system restoration charges on electric customers to help pay for recoveries from storms in southeast Texas in recent years.

The Structured Finance Association is assessing investors’ and brokers’ preferences for replacing LIBOR in structured finance bonds.

The market for Ginnie Mae MBS should begin to normalize soon, according to T. Rowe Price executive Keir Joyce.