The performance of MBS and ABS isn’t expected to be directly impacted by the fallout of Russia’s invasion of Ukraine in the near term; prepayment rates on agency MBS declined in February.

Spreads on non-agency MBS issued early this year were wider than the pricing seen near the end of 2021. Industry participants witnessed volatility in the broader financial markets along with an increase in the supply of non-agency MBS.

Commercial mortgage trading is a market that flies under the radar of most residential broker/dealers. RAMS has decided to make the leap.

Issuance of non-agency MBS with deals backed by mortgages bought out from Ginnie Mae MBS has increased in recent months. Once they’re reperforming, those loans can be re-delivered to Ginnie.

Nonbank boosters continue to fear Ginnie Mae’s final capital rule may not accurately reflect the intrinsic value of MSRs. Others fear it could be too soft.

Fed Governor Christopher Waller says asset sales are “a conversation for another day.”

Momentum for aircraft securitizations won’t come until late 2022, according to Fitch. Sanctions on Russia and damage to planes in Ukraine could sink certain deals.

The government agency has rebranded its blog as part of a broader effort under Ginnie Mae President Alanna McCargo to enhance outreach.

The Federal Housing Finance Agency plans to implement tiered financial requirements for nonbank servicers and set harsher treatment for Ginnie servicing than what’s currently required for GSE seller/servicers.

Overall securitization rates declined in 2021 as the historic wave of GSE and government business began giving way to increased non-agency lending. (Includes data chart.)