JPMorgan Chase is preparing to issue a non-agency mortgage-backed security stocked entirely with loans eligible for sale to the government-sponsored enterprises. While Chase has long included GSE-eligible loans in its non-agency MBS, the deals generally also include non-agency jumbo mortgages. The mortgages in the $313.56 million deal largely look to be conforming jumbos. The loans have an average balance of $527,877. Fitch Ratings noted that the collateral attributes of the pool are ...

But Freddie Mac’s 37.2 percent drop was the biggest, by far…

There appears to be a long line of counterparties willing to work with Ginnie…

Such firms would then be eligible for what he called “concierge services” from the agency.

The trick, though, is to convert that higher MSR value into cash…

The loans in Chase's new MBS have an average balance of $527,877.

Cowen & Co. recently updated its forecast on GSE reform passing this year, slashing the odds to just 10 percent.

The Federal Housing Finance Agency announced plans to officially launch the “common” uniform mortgage-backed security collateralized by Fannie Mae and Freddie Mac loans on June 3, 2019. The regulator confirmed the exact date this week after previously only revealing the common security would be issued in the second quarter of 2019. The new UMBS will replace the current offerings of to-be-announced-eligible MBS and will be issued through Common Securitization Solutions, a joint venture equally owned by Fannie and Freddie. The Bethesda, MD-based CSS has been working on the project for several years now at a cost of hundreds of millions of dollars.

Charges were also filed against Paul Menefee, the former head banker of Barclays’ subprime MBS unit...

The FHFA noted that the GSE NPL auctions are open to any qualified bidder…