Ginnie Mae continued to lead the growth in agency single-family MBS outstanding during the first quarter of 2018, according to a new Inside MBS & ABS analysis. [Includes three data charts.]
The Federal Housing Finance Agency this week unveiled a proposed rule on capital standards for Fannie Mae and Freddie Mac, acknowledging that the rule would not be imposed on the two government-sponsored enterprises as long as they’re in conservatorship.
With loan production of non-qualified mortgages continuing to gather a head of steam, Wall Street financiers, conduits and warehouse lenders increasingly are taking a keen interest in the sector.
The average daily trading volume in agency MBS climbed to $226.1 billion in May, the second consecutive monthly increase, according to figures compiled by the Securities Industry and Financial Markets Association.
Credit-risk transfer activity at the government-sponsored enterprises is expected to shift from debt note issuance that has dominated the program to more front-end deals with private mortgage insurers and mortgage lenders, the Urban Institute said.
ABS issuers are boosting the quality of marketplace loans in new deals due to rising delinquency rates, but not enough to convince Fitch Ratings that such issuance deserves AAA ratings.
The share of interest-only loans in commercial MBS conduits has risen to near-peak levels last seen in 2007 as underwriting deteriorates, according to major credit rating agencies.
It’s official: The Treasury Department’s goal is to reduce the footprint of Fannie Mae and Freddie Mac. Who says so? Treasury counselor Craig Phillips...
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