In the refinance market, the share of loans falling into the low-score/high LTV group was 2.57 percent, down from 2.86 percent in the second quarter...
Second-ranked AGNC Investment Corp. – formerly American Capital Agency Corp. – reported a 2.2 percent increase in its MBS holdings under a new management structure…
An executive at Angel Oak Capital, Atlanta, parent of Angel Oak Home Loans, confirmed that his firm is seeking a rating and would like to issue a rated non-QM MBS someday…
Market analysts, observers and participants alike feel pretty much in the dark about what to expect from Republican President-elect Donald Trump when it comes to the fate of government-sponsored enterprises Fannie Mae and Freddie Mac. “Mortgage finance legislation and the future of the GSEs was never discussed during the campaign so there are no clear indicators of what a Trump administration will do regarding the future of Fannie Mae and Freddie Mac,” analysts at Keefe, Bruyette & Woods said in a post-election review. Complicating life for the new regime is...
Real estate investment trusts that focus on the residential MBS market reported a modest decline in agency MBS holdings during the third quarter, according to a new Inside MBS & ABS analysis. A group of 17 large, publicly traded mortgage REITs held a combined $217.24 billion of agency MBS at the end of September, down 1.2 percent from the mid-year mark. But the decline was largely due to shuffling in the ranks that resulted in two firms exiting the business. Annaly Capital Management completed...[Includes one data table]
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