Since the housing bust, very few mortgage firms have securitized MSRs, though they have used securitization vehicles for advances.

A number of banks have been motivated to reduce their MSR holdings because of concentration limits imposed by the emerging Basel risk capital rules.

In general, the industry believes a g-fee hike may not happen after all, but then there's all those "other charges."

One source said the $3 billion “traded a few weeks back,” but could offer no more color on the transaction.

One question we occasionally hear is this one: If the GOP this fall gains control of the Senate can’t they just push through a GSE reform bill and hope to override a presidential veto, if there is one?

Mortgage lenders securitized $90.95 billion of single-family MBS through the GSEs and Ginnie Mae during August – the biggest monthly volume since September 2013, according to IM&A.

The top contributor to the new Redwood jumbo MBS is First Republic Bank with an 18.2 percent market share.

Issuers of non-agency MBS and commercial MBS, among other structured finance asset classes, are set to face increased costs to comply with a rule from the Securities and Exchange Commission that increases disclosure requirements. But deals that are not issued publicly would avoid the increased costs. Last week, the SEC unanimously adopted a wide-ranging final rule known as Reg AB2, which was first proposed in 2010. By the beginning of 2017, newly issued, publicly registered non-agency MBS will have to include 270 loan-level data points disclosed via the SEC’s Electronic Data Gathering, Analysis, and Retrieval system, known as EDGAR. The required disclosures include...

New production of agency single-family MBS increased by 6.6 percent from July to August as the midyear home-buying season continued to generate a healthy supply of new primary market originations, according to a new Inside MBS & ABS analysis. Mortgage lenders last month pushed a total of $90.95 billion of single-family MBS through the securitization programs of Fannie Mae, Freddie Mac and Ginnie Mae. It was the biggest monthly volume since September 2013, but August issuance was boosted by an unusually large volume of seasoned loans that also helped tilt the competitive landscape. Freddie saw...[Includes two data charts]

The rating services are set for increased oversight after the Securities and Exchange Commission approved a final rule addressing internal controls, conflicts of interest and procedures in an attempt to protect the integrity of rating methods. The SEC approved the final rule on a 3-2 vote last week, with the two Republican commissioners voicing strong opposition to provisions required by the Dodd-Frank Act. Among other issues, the final rule aims at preventing sales and marketing considerations from influencing the issuance of credit ratings on structured finance products. Under the rule, rating services are prohibited from issuing or maintaining a credit rating when a person within the rating service that participates in determining or monitoring the rating also participates in sales or marketing of a product or service of the rating service or an affiliate. The rule also targets...