An “explicit” guarantee on Fannie/Freddie MBS was once a non-starter with Republicans in Washington. But the Trump administration is unlike your grandfather’s GOP. Just maybe, an explicit guarantee might work.

FHFA and Treasury are close to signing a letter agreement that will eliminate the profit sweep by month-end, according to the agency’s director.

The average daily trading volume in agency MBS reached a yearly low in August as rates troughed. A rebound could lay ahead. Or maybe not.

Issuers and investors in the securities market are divided on what exactly should be done with the qualified mortgage “patch.”

Deutsche Bank has agreed to settle a bond rigging lawsuit, and is cooperating in the case by providing documents and other relevant materials.

Year-to-date CLO issuance lagged behind the pace set in 2018 because of a slowdown in refinance transactions. Octagon Investment Partners was the most active sponsor at midyear.

Live Well Financial, once a top-ranked HECM lender, is now a heap of smoking ash. A new indictment charges that its downfall was predicated by a massive fraud scheme involving interest-only MBS.

The consumer finance ABS market continues to show signs of life. It helps that “big money” is playing a role behind the scenes.

MBS investors hedge against spiking prepayment speeds by identifying pools of mortgages less likely to refinance.

New Residential Investment Corp. is pulling an about-face, of sorts. After issuing new shares of common earlier in the year, it’s now embarked on a $200 million buyback program.