The market for MBS with non-qualified mortgages is growing by leaps and bounds. However, there is some skepticism about whether there’s enough demand to support $50 billion in annual issuance.
Kevin Keyes, CEO of Annaly Capital Management since September 2015, abruptly parted ways with his employer without much in the way of explanation. The REIT’s shares continue to trade in a tight price range.
Deal volumes in the non-agency MBS market are elevated as issuers work to meet investor demand. Angel Oak, Chase and Invictus are bringing large deals and more issuance is in the pipeline.
In another example of a REIT branching out, Starwood Property Trust has agreed to purchase a licensed lender/servicer. For now, all parties are mum but more deals may be afoot.
The changes outlined to boost funding for Ginnie Mae servicing rights could bring the agency closer to the market for MSRs on GSE loans, according to industry stakeholders.
Compliance experts are warning warehouse lenders holding eNotes of the risks they face from certain ambiguities between the Uniform Commercial Code and the Uniform Electronic Transactions Act.
Moody’s Investors Service in a recent report explores the securitization of loans backed by data centers, noting the nascent asset class is susceptible to cash flow volatility.