The custodial structuring and deposit accounts used in securitizations don’t pose any policy concerns that the FDIC’s rule is attempting to fix, according to SFA.
TRACE trade data on non-agency CMOs isn’t released until 18 months after the transaction, leaving customers at the mercy of dealers when it comes to pricing information.
Critics argue that, if Fannie Mae and Freddie Mac are released from conservatorship without an explicit government guarantee, MBS investors will demand wider spreads to cover the added credit risk.
Issuance of single-family rental securitizations has seen sharp swings in recent years. Moderate growth is expected this year and deal performance is forecast to remain strong.
Trump has nominated Bill Pulte to be director of the Federal Housing Finance Agency; Fitch upgrades master servicer rating on Mr. Cooper; new ABS issuer.