Federal Reserve Vice Chair Michael Barr plans to recommend retaining capital requirements for unrealized losses on MBS held in bank portfolios. This provision was in response to the 2023 banking crisis.

Although bank holding companies keep most of their CLO investments in held-to-maturity accounts, the value of CLO classified as available-for-sale was up slightly in the second quarter. (Includes data table.)

ABS backed by home equity investments are offering unlevered returns in the low double digits. The first rated HEI ABS was issued in October and industry players are anticipating exponential growth.

Acra’s first-ever MBS is ready to hit the street. The company’s servicing platform, Citadel, will be the master servicer on the bond. More issuances are expected, but not until 2025.

A former Credit Suisse team has picked up where it left off with a new RPL MBS issued through Atlas Portfolio Partners.

The court said a non-signatory to an agreement, in this case Ginnie Mae, cannot lay claim to the benefit of a forum selection clause.

The restaurant chain was removed as manager of its 2017 whole-business securitization following a slew of reporting errors and rating downgrades.

Later this year, delinquency rates on commercial MBS could top levels seen during the pandemic, according to Moody’s.

The outlook for Fed action is largely positive for MBS investors, with interest rate volatility expected to decline. Still, rate cuts will introduce a risk that has been limited for years: prepayments.

Radian Mortgage Capital hopes to issue jumbo MBS every quarter starting next year. It is also eyeing non-QM issuance.