The HOPE Act seeks to create a liquidity facility for commercial MBS borrowers who weren’t eligible for PPP or MSLP. The bill suggests financial institutions originate Treasury-guaranteed preferred equity instruments to qualified borrowers.

The debt market has been a welcoming place for all sorts of issuers of late. The latest participant: MGIC Investment Corp.

But another study found income overstatement commonly existed in commercial CMBS underwriting between 2013 and 2019, contributing to the rapid deterioration during the pandemic.

Nonbanks dominate the top tier of the MBS issuer rankings — and very few of these shops are publicly traded.

The real estate investment trust is ready to take non-agency loan aggregation to pre-crisis levels, and believes investors are seeking the types of assets the company offers.

It’s here: A mortgage-backed security, 15-years in duration, that pays investors a note rate of 1.5%. Would you lock up your money for that long? You may not have a choice.

Even though a sizable portion of mortgages originated earlier in the year are in forbearance, investor demand for MBS backed by those loans is strong.

In the first half of 2020, Freddie priced 28 deals totaling $20.73 billion. So far in the third quarter, it has already brought 10 and has 13 transactions on its calendar through September.

Investors continue their attraction to mortgage-related offerings, debt or otherwise. The latest firm to saddle up to the capital markets bar: Mr. Cooper.

Ginnie Mae’s online portal will be the sole avenue to access all its systems, including GinnieNET and GMEP, from Dec. 1.