Most of the major MBS investor groups added to their holdings during the second quarter of 2018, according to a new Inside MBS & ABS analysis. [Includes two data charts.]
Wells Fargo plans to test the market for jumbo MBS issuance within the next year, according to John Shrewsberry, a senior executive vice president and chief financial officer at the bank.
The average daily trading volume in agency MBS fell to just $188.4 billion in August, the lowest reading of the year and a possible sign of trouble ahead, according to figures compiled by the Securities Industry and Financial Markets Association.
A court ruling in February which determined that risk-retention requirements don’t apply to certain collateralized loan obligations could have opened a way to avoid risk retention in the commercial MBS market, according to an industry lawyer.
Fresh from buying a smaller rival – MTGE Investment Corp. – Annaly Capital Management this month announced its intention to sell 75 million additional shares of common stock, a capital raise that will bring in roughly $750 million.
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