The securitization rate for residential mortgages originated during the third quarter was near the same level seen in 2019. Meanwhile, the share of GSE-eligible mortgages that flowed into MBS increased.
The $216.0 million securitization is backed by energy-as-a-service contracts. The ABS is supported by 1,445 leases to customers primarily from the health care, industrial and consumer staples industries.
The federal banking regulators opposed Colorado’s attempt to enact a law that would allow the state to make out-of-state banks subject to its interest rate caps when lending to Colorado borrowers.
Joe Gormley, Ginnie Mae’s recently confirmed president, informed investors about the agency’s ongoing shift to a system that allows for loan-level transfers of mortgage servicing rights, and its efforts to improve cybersecurity and explore artificial intelligence applications.
Fannie and Freddie have upped their retained MBS holdings significantly in recent months, as have the Federal Home Loan Banks. Analysts expect money managers and insurance firms to remain key investors. (Includes two data tables.)
Issuers will be required to report the removal of single-family loans from Ginnie MBS one business day following the liquidation, bringing reporting requirements in line with Fannie Mae and Freddie Mac.
RiskSpan is piloting a platform that would provide the FHLBanks much more precise and timely views into the status and quality of the mortgage loans pledged against their advances.
Adoption of portable mortgages would be difficult under current practices in the secondary market. An official at Intercontinental Exchange believes that tokenization could address the issue.
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