Ultra-low interest rates are fueling both record originations and a stampede of debt offerings by mortgage firms far and wide. The latest participants: Rocket, NewRez and Fidelity National.

Citing a record $321.87 billion in agency MBS issuance in August, Wells Fargo Securities said 2020 appears poised for historic volumes.

Issuance of ABS tied to marine container leases set sail in August, with the sector producing more volume in recent weeks than all of 2018 and 2019 combined.

Collateralized loan obligations tied to commercial real estate are faring well thanks to the sector’s limited exposure to the lodging industry.

Some industry groups are concerned that the CFPB’s proposal to revise general QM standards contains unclear underwriting standards and legal uncertainties. They support the development of self-governance standards for the non-agency market.

Industry feedback on the re-proposed GSE capital rule underscores the need for an explicit and permanent government guarantee on Fannie’s and Freddie’s existing and future MBS.

These are not calming times for investors in Ginnie Mae MBS. Forbearance ratios are on the rise again and then there’s the buyout issue.

Mortgage firms continue to sell debt at a healthy clip. Is there any end in sight? Not right now. The latest participant: Sachem Capital.

The share of office properties in new commercial MBS is increasing and the use of upfront debt service reserves is fluctuating as issuers address the poor performance of outstanding deals.

At least some of the advantage enjoyed by the Treasury market over agency MBS can be attributed to structural differences in the two markets and how they evolved, according to Federal Reserve economists.