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.

Ginnie Mae said it would accept “orphaned” VA loans for delivery into Ginnie MBS as long as the mortgage meets the terms of the law.

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.

Wells Fargo is getting closer to returning to the jumbo mortgage-backed security market, according to John Shrewsberry, a senior executive vice president and chief financial officer at the bank. “We will be securitizing some of our jumbo loans, which has been a dormant market for a long time, but just as a method of demonstrating liquidity and getting market pricing,” he said last week at a conference hosted by Barclays. Wells has been plotting a return to the non-agency MBS market for ...

Deephaven Mortgage is preparing to issue its largest nonprime mortgage-backed security to date, according to presale reports published this week. The planned $326.1 million Deephaven Residential Mortgage Trust 2018-3 will top a $308.2 million deal the firm issued in January. Mortgages in the new deal look similar to previous issuance from Deephaven. The loans have a weighted-average credit score of 700, an average combined loan-to-value ratio of 72.7 percent and an average ...

Issuance of expanded-credit mortgage-backed securities is moving at a steady pace, but deal sizes are declining and loan seasoning is increasing, suggesting a slowdown in originations. Redwood Trust is set to issue a $362.7 million deal, according to presale reports by Kroll Bond Rating Agency and Moody’s Investors Service. It’s the fourth expanded-credit MBS of the year from Redwood, including a $520.5 million issuance in May and a $417.0 million deal in July. The average seasoning ...

Chimera Investment is preparing to issue a non-agency mortgage-backed security in which all the loans are eligible for sale to the government-sponsored enterprises. The deal is backed solely by mortgages on investment properties, according to presale reports by DBRS and Moody’s Investors Service. The deal follows a similar issuance in May by Flagstar Bank as industry analysts suggest that non-agency MBS offer issuers better execution than delivering some types of ...

JPMorgan Chase is changing the servicing-fee structure in its latest prime non-agency mortgage-backed security. Many of the loans will be subject to a variable servicing fee as opposed to the flat fee traditionally used by Chase and many other issuers. Some 80.1 percent of the unpaid principal balance of the planned $513.9 million issuance is subject to the variable fee, a structure that is more commonly seen on MBS backed by nonperforming mortgages. The servicing fee will ...