After an extended period of steady growth in its investment in the residential MBS market, the banking industry changed course in early 2018 and reduced its participation in the market, according to a new Inside MBS & ABS ranking and analysis. [Includes two data charts.]

The volume of prime non-agency MBS issuance is on the rise as investor demand for the product increases. Pricing in the non-agency MBS market for jumbos is rivaling execution levels for holding the loans in portfolio, and some issuers are seeing better returns by placing loans in non-agency MBS instead of delivering them to the government-sponsored enterprises.

The types of investment-property mortgages being included in new non-agency MBS pose more risk to investors than similar mortgages eligible for sale to the government-sponsored enterprises, Fitch Ratings warned this week. [Includes one data chart.]

Caliber Home Loans has announced pricing of a uniquely structured private offering of secured term notes backed by Ginnie Mae mortgage servicing rights and excess servicing spreads

The prospects of a legislative overhaul of the housing-finance system this year have diminished considerably, but many have turned to deciphering possible moves by the Trump administration.

The average daily trading volume in agency MBS inched up to $220.7 billion in April, a stable but weak reading compared to the earliest months of the year, according to figures compiled by the Securities Industry and Financial Markets Association.

President Trump this week nominated Michael Bright to be president of Ginnie Mae after serving nine months in the post as acting president of the secondary mortgage market agency.

Issuance of the government-sponsored enterprises’ credit-risk transfers has been growing consistently over the last five years, according to Suzanne Mistretta, senior director at Fitch Ratings.

After an extended period of steady growth in its investment in the residential MBS market, the banking industry changed course in early 2018 and reduced its participation in the market, according to a new Inside MBS & ABS ranking and analysis.

Caliber Home Loans has announced pricing of a uniquely structured private offering of secured term notes backed by Ginnie Mae mortgage servicing rights and excess servicing spreads.