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Inside MBS & ABS
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FHFA Gets a Clean Bill of Health from the GAO

November 18, 2021
Dennis Hollier
The regulator of the GSEs said it met most of its goals and subgoals for the past year. And once again, FHFA announced plans to significantly grow its staff.
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Checks and Balances in Fannie’s Green Bonds Program

November 18, 2021
Dennis Hollier
Fannie Mae knows that the loans in its green programs aren’t necessarily super-green, but officials at the GSEs say incremental improvement in existing buildings is a major goal.
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Ginnie Expands eSignatures to Paper Loan Modifications

November 18, 2021
Monica Hogan
Ginnie Mae permits the use of eSignatures and remote online notarization for loan-modification agreements on paper mortgages. The agency received a thumbs-up from Mortgage Industry Standards Maintenance Organization.
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Pricing Dispute Prompts Pause in Ocwen’s Clean-Up Calls

November 11, 2021
Brandon Ivey
Ocwen, which had plans to ramp up its clean-up calls of non-agency MBS, put the activity on hold following a pricing issue with Deutsche Bank, a trustee for the MBS.
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Homes are Overvalued, Impacting MBS Assessments

November 11, 2021
Brandon Ivey
S&P recently downgraded its view of home prices at the national level to overvalued from undervalued. How rating services view home prices plays a role in credit enhancement levels for non-agency MBS.
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Mega Nonbanks Have Started to Sidle Up to the Repo Bar

November 11, 2021
Paul Muolo
What’s with the amended repo transactions at Rocket and other companies? It could be a case of yearend housekeeping but originations and securitizations are expected to decline next year. Right?
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Proposed Rule Changes Could Increase MF Capital Requirement

November 11, 2021
Dennis Hollier
Bridge Investment Group, a major player in the multifamily sector, said the proposed changes to the enterprise regulatory capital framework could actually increase the capital requirements for the GSEs.
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Commercial REIT Stays Busy with Multiple Deals

November 11, 2021
Paul Muolo
New Residential Investment isn’t the only REIT buying up other players in its space. In the commercial sector, there’s Ready Capital.
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SFA Panel Addresses Return-to-Workplace Concerns

November 11, 2021
Monica Hogan
The structured finance industry discussed the effectiveness of return-to-workplace policies during a recent workshop organized by the Structured Finance Association.
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Loan-Level ESG Analysis Offered for MBS and ABS

November 11, 2021
Sam Manas
Dv01 launched a tool that offers loan-level analysis of ESG factors in MBS and ABS.
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