A record year in agency multifamily MBS issuance pushed the overall commercial mortgage securitization market to an all-time high in 2017, according to a new analysis by Inside MBS & ABS.

Losses on non-agency MBS backed by re-performing loans issued in recent years have been minimal, according to DBRS. Performance has been helped by home price appreciation, and the one deal to suffer significant losses was an outlier in terms of the types of loans it included.

The daily trading volume in agency MBS averaged $209.1 billion in 2017, the best showing in four years, according to the Securities Industry and Financial Markets Association.

Remarkably, Freddie Mac knocked out roughly $34.60 billion in multifamily MBS – over half of its total for the year – during the fourth quarter...

Statistical sampling, which gained widespread acceptance in MBS repurchase cases after the housing crisis, is being rejected in many courts today, legal experts say.

The year is still young, but two of the largest real estate investment trusts – Annaly Capital Management and New Residential Investment Corp. – have already priced stock deals totaling $852.5 million.

The aircraft ABS sector had a great 2017 and this year may be just as good, even though there could be some bumps along the way.

The law firm helped a number of companies structure MSR financing transactions last year.

Market share for lenders whose loans were included in prime jumbo mortgage-backed securities was much more dispersed in 2017 than the previous year, according to a new ranking and analysis by Inside Nonconforming Markets. JPMorgan Chase – the top issuer of jumbo MBS – remained the lender with the most collateral for new deals. But the bank reduced its jumbo deliveries by a whopping 65.1 percent from 2016 to just $1.58 billion last year. That was still tops in the market, accounting for 14.5 percent of the loans pooled in $10.88 billion of ... [Includes two data charts]

An affiliate of Invictus Capital Partners issued its latest nonprime mortgage-backed security this week and Deephaven Mortgage is preparing to close a deal. Invictus’s $249.0 million Verus Securitization Trust 2018-1 received AAA ratings from Morningstar Credit Ratings and S&P Global Ratings. Its senior tranche was supported by subordinated bonds equaling 37.5 percent of the deal. The loans had an average credit score of 700, an average combined loan-to-value ratio of 71.1 percent and ...