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.
Changes made by the Dodd-Frank reform bill, along with other legislative proposals and government actions, would have mixed credit impact on ABS backed by student loans, said Moody’s Investors Service.
The Federal Housing Finance Agency and Treasury Department have asked the U.S. Court of Appeals for the Fifth Circuit to not entertain a rehearing in the Collins v. FHFA government-sponsored enterprise shareholder case.
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