Ginnie Mae’s new rule requiring servicers to maintain a minimum servicing spread of 25 basis points will have very little impact on medium and large servicers, according to analysts with Keefe, Bruyette & Woods.

Earlier this month, the Financial Stability Oversight Council proposed rule changes that would make it more difficult to designate non-banks as systemically important financial institutions. It’s unclear what the new guidance would mean for the nation’s largest nonbanks, Fannie Mae and Freddie Mac.

Securitization deals backed by mortgage servicing rights are on the rise as nonbank servicers tap the relatively new funding option.

Buyouts from Ginnie Mae MBS have replaced vintage subprime mortgages as a major source of nonperforming loans, according to industry participants.

The average daily trading volume in agency MBS totaled $229.9 billion in February, an 8.5% sequential decline from the previous month, according to figures compiled by the Securities Industry and Financial Markets Association.

Real estate investment trusts increased their holdings of agency MBS during the fourth quarter of 2018, capping a solid year of growth, according to an Inside MBS & ABS analysis. [Includes one data chart.]

The inconsistency between the scope of Ginnie Mae’s loan seasoning guidance and VA’s cash-out interim final rule may require a legislative change, according to Ginnie Mae.

Disclosures to investors in post-crisis non-agency MBS regarding potential breaches of representations and warranties have been inadequate, according to Moody’s Investors Service.

S&P Global Ratings recently expressed concerns about potential legal risks around who the “true lender” is in marketplace lending ABS.

The New York State Court of Appeals on Feb. 15 issued mixed rulings on two claims brought by a trustee against a seller and sponsor of three residential MBS trusts.