Two large REIT investors in agency MBS incurred losses in the second quarter, due to interest rate volatility and an unaccommodating monetary policy stance. Still, they are optimistic about the future.

The Heritage Foundation’s Project 2025 calls for the end of the GSE conservatorships and a dramatically reduced role for the Fed.

Non-QM REIT Angel Oak is out with its first “baby” bond offering — $50 million worth of five-year notes.

The decrease in the value of used vehicles poses a particular risk for ABS investors, rating services warn.

Growth in the AI and cloud computing space could push some share of data-center financing outside of MBS and ABS.

KBRA has downgraded six tranches from LendingPoint ABS issued between 2021 and 2022.

Rithm will restate financials going back to 2021; commercial lending executives expect MBS issuance to remain strong; new wildfire risk mitigation recovery bond.

The non-agency market could gain from a reduction in GSE loan limits, revision in capital requirements for banks and updated requirements for publicly registered securitizations.

With the yield on the 10-year Treasury reaching multi-month lows of late, MBS investors see smooth sailing to a rate cut by the Fed.

The mortgage insurer’s non-agency conduit started aggregating loans in late 2022.