The average daily trading volume in agency MBS fell to $206.4 billion during November, the worst reading since August and the third lowest of the year, according to figures compiled by the Se-curities Industry and Financial Markets Association.
Prices for seasoned performing whole loans declined slightly during the third quarter, according to MountainView Financial Solutions. The secondary market for performing/re-performing whole loans has been “extremely active” this year, according to the firm’s residential whole-loan trading desk and transaction advisory teams.
With more lenders eyeing the non-qualified mortgage sector for entry in 2019, the deal volume for non-agency MBS could pick up significantly in the quarters ahead.
The supply of single-family non-agency MBS continued to decline in the third quarter of 2018, but the sector may be nearing a turnaround point, according to a new Inside MBS & ABS analysis of outstanding mortgage securities. [Includes two data charts.]
The FHFA’s annual report underscores the amount of cross-subsidy in g-fee pricing for low-score borrowers, loans with high LTVs and cash-out refinancing.
The nomination had been expected for several weeks now and paves the way – quite possibly –for limitations on GSE pilot programs, loan parameters and secondary market liquidity.
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