When interest rates decline, the prepayment environment for agency MBS is likely to be much different compared with previous refinance booms, according to industry participants.

If Freddie Mac is allowed to purchase second mortgages, critics argue there should be clearly articulated capital requirements, loan-to-value ratio limits and debt-to-income ratio restrictions.

JPMorgan Chase held the largest CLO portfolio in the banking industry at the end of March, but its investment was down from the previous period. (Includes data table.)

A coalition of mortgage industry trade groups called on Congress to fully fund Ginnie Mae for fiscal year 2025.

Loans to foreign nationals are increasing in the non-agency MBS market, but inherent risks in the asset present ratings challenges.

Ginnie Mae is hoping to have the case moved from a district court in Amarillo, TX, to the Dallas division.

S&P Global Ratings has updated its ratings methodology for data center ABS to better account for property values and insurance risks.

The decline was driven by conventional-conforming mortgages and government-insured mortgages. The securitization rate for non-agency mortgages actually jumped in the first quarter. (Includes data table.)

Analysts are not “raising alarm bells” yet despite increasing delinquency rates in the non-QM mortgage-backed securities sector.

Officials at Ginnie Mae noted that prepayment rates on Ginnie MBS increased at a faster rate than prepayment rates for GSE MBS due to a quirk in interest rates on VA refinances.