The market for residential MBS backed by second liens is showing signs of life once again and nonbanks are rolling out new products. Is a renaissance afoot?
The SEC’s proposal on disclosure requirements and other standards for hedge funds, private equity funds and venture capital funds could have negative impacts for CLOs, SFA and others warn.
Loan repurchases from Ginnie MBS in the first quarter of 2022 neared pre-pandemic levels as delinquency rates declined. Loan removal trends vary among the top servicers. (Includes two data charts.)
Ginnie hopes to align, to the extent possible, its revised capital requirements for seller/servicers with FHFA’s standards. Industry participants are pushing for uniformity that isn’t too stringent.
Annaly is selling its noncore holdings to focus on residential mortgage investments. Its agency MBS business continues to shrink, but not dramatically.