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S&P Wades Into the PACE Securitization Market With Its First Rating of a Mixed PACE Transaction

April 27, 2018
S&P Global Ratings has rated its first Property Assessed Clean Energy (PACE) securitization deal, which could help perk investor interest in the fledgling asset class.
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Commercial Mortgage Securitization Starts Strong in 2018 – Compared to 1Q17

April 27, 2018
John Bancroft
The agency share of securitized multifamily mortgages has been high since 2008…
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MSR-Investing REIT New Residential Has a Blowout 1Q18: A Profit of $614.3 Million

April 27, 2018
Paul Muolo
New Residential said during and subsequent to the first quarter, it entered into agreements to buy $38.0 billion of mortgage servicing rights...
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Western Asset Goes Big with its First Non-QM MBS: A $1.25 Billion Deal

April 27, 2018
Brandon Ivey
Interesting fact: Most of these non-QM loans were originated by banks...
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What We’re Hearing: GSE Reform? How About 2021? / The Return of Ed DeMarco? / No Political ‘Protection’ for Fannie and Freddie / RMS Scores a Repo Line from Barclays / Bucking the Production Trend: Home Point / New Hires for Plaza Home

April 27, 2018
Paul Muolo
Mel Watt has roughly eight more months in office, but already industry lobbyists and GSE watchers are playing “guess who the next FHFA director might be.”
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Chimera Packaging Mortgages Aggregated by BofA into a Prime Jumbo MBS

April 25, 2018
Brandon Ivey
Most of the loans are non-agency jumbos, but a handful are eligible for sale to Fannie Mae and Freddie Mac.
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Sen. Crapo Says GSE Reform Still Possible in This Congress (You Heard That Right)

April 25, 2018
Carisa Chappell
The senator disagreed with comments made earlier in the day by HUD Deputy Secretary Pam Patenaude, who said there aren’t enough legislative days left...
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Western Asset Management Preparing to Issue Non-QM MBS

April 24, 2018
Brandon Ivey
Clayton Services reviewed 2,164 mortgages for the planned Arroyo Mortgage Trust MBS…
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A Trio of Prime Non-Agency MBS Deals Ready to Hit the Market

April 24, 2018
Brandon Ivey
Loans in Chimera’s forthcoming deal were underwritten to guidelines established separately by Bank of America, Caliber Home Loans and Quicken…
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Short Takes: In Service of Fannie, Freddie and the Common Good / Fannie Ponies up to the REITs / Amazon a Bank? Good Luck with That / NYDFS Investigates RTO / FofA Hires loanDepot Manager

April 24, 2018
Brandon Ivey and Paul Muolo
A new policy change implemented by Fannie Mae will allow REITS, come May 1, to start investing in the GSE’s Connecticut Avenue Securities risk-transfer deals.
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