Another day and another debt offering by a mortgage company. This time around the issuer is PennyMac Financial, a top-ranked Ginnie Mae issuer.

With revenue lower than expected due to the coronavirus pandemic, California is allowing electric utilities to use securitization to avoid sharp rate increases for customers.

Ginnie Mae said it is ready to facilitate the creation of a single-class MBS backed by ARMs linked to the Secured Overnight Financing Rate.

Following in the footsteps of Citi and JPMorgan Chase, Wells Fargo is preparing to issue a non-qualified mortgage MBS. The bank plans to securitize small pools of its non-agency originations on a regular basis.

Ginnie Mae buyouts have simmered down the past few months but the improvement may be ephemeral. And nonbanks might be leading the charge.

Facing pressure from both sides of the aisle, FHFA Director Mark Calabria said if the GSEs had come into the current crisis with sufficient capital, the adverse market fee could have been delayed for a few years.

Ultra-low interest rates are fueling both record originations and a stampede of debt offerings by mortgage firms far and wide. The latest participants: Rocket, NewRez and Fidelity National.

Citing a record $321.87 billion in agency MBS issuance in August, Wells Fargo Securities said 2020 appears poised for historic volumes.

Issuance of ABS tied to marine container leases set sail in August, with the sector producing more volume in recent weeks than all of 2018 and 2019 combined.

Collateralized loan obligations tied to commercial real estate are faring well thanks to the sector’s limited exposure to the lodging industry.