Some 1,348 loans will be included in the issuance, divided nearly evenly between jumbo mortgages and loans eligible for sale to the government-sponsored enterprises.
The agency MBS market continued to chug along in the fourth quarter of 2017, growing fast enough to offset the steady decline in non-agency product, according to a new Inside MBS & ABS analysis.
The staff of Rep. Jeb Hensarling, R-TX, is putting the finishing touches on a plan to reform the nation’s housing-finance system, but several lobbyists and trade group officials question what impact the proposal will have.
Citadel Servicing Corp., which has been working on its first MBS deal backed by non-qualified mortgages for six months, killed the transaction this week, industry sources familiar with the matter told Inside MBS & ABS.
Efforts to enhance disclosures on MBS and ABS in recent years have generated mixed results, according to industry participants. Inadequate disclosures helped contribute to the financial crisis, according to investors that suffered significant losses on MBS and ABS.
Marketplace lenders participating in the ABS sector predict that issuance will increase this year due to strong demand from investors and an ample supply of new originations.