Trade groups representing smaller lenders called on the Trump administration to prompt the GSEs to increase their holdings of MBS as a way to reduce mortgage rates.
Securitize could become a public company through a merger with Cantor Equity Partners II, a blank-check company, in a combination valued at $1 billion.
The Commercial Real Estate Finance Council launched a tool this week to standardize performance reporting for commercial collateralized loan obligations.
The securitization of vehicle loans and financing for a range of businesses powered an all-time record of $107.7 billion of ABS issuance during the third quarter. Carmakers dominated the issuer ranking. (Includes three data tables.)
The prepayment rate on agency MBS hit a high for the year in September and that’s expected to be topped again in October. Analysts note that their prepayment models are off due to changes in lenders’ practices.