Changes implemented in response to the financial crisis of 2008 helped the MBS and ABS markets perform better than expected at the onset of the pandemic.
FBOP, a bank holding company whose subsidiaries once owned nearly $1 billion in GSE shares, has joined the ranks of plaintiffs suing the government for destroying the value of those shares. Is it too late?
Structured finance production held at historically high levels in the third quarter, though most sectors were down. Growth pockets included non-agency MBS and ABS. (Includes four data charts.)
Attendance was down at the recent Structured Finance Association convention in Las Vegas. Discussions touched on the non-agency MBS market and the GSEs, among other issues.