In business for 40-plus years, FCI has stuck to its knitting of servicing delinquent and nonprime product. According to management, it’s secret sauce is focusing on state-of-the-art technology, including AI.

The new bonds help the GSEs reduce the amount of capital they must set aside under the enterprise regulatory capital framework.

The investment vehicle plans to mainly buy whole loans, but may also purchase ABS.

Rising mortgage delinquencies increase spreads on residential MBS, as expected, along with spreads on credit card, student loan and auto loan ABS.

The fastest-growing sectors of the MBS market in the third quarter were Ginnie Mae and the non-agency market. Banks, foreign investors, money managers and insurance companies easily offset the slow decline in the Fed’s portfolio. (Includes two data tables.)

The Supreme Court’s decision to let a lower court’s ruling stand allows the bureau to watch over certain ABS market participants.

Some experts think FHFA’s stability capital buffer has helped Freddie surpass Fannie in both loan purchases and securitizations.

If you like to bid on residential NPLs/RPLs, stand in line. There’s not a ton of product to choose from. And pricing is tight.

The largest mortgage asset exchange will bring trended data to hundreds of lenders and investors.

While delinquencies are rising across most securitized asset classes, that’s not the case for home equity loans.