The CRT market is showing signs of post-pandemic recovery. But Freddie Mac’s former CEO believes the re-proposed capital rule for the GSEs could make the whole CRT program pointless.

A COVID-19 infection in the Dallas office of document custodian BNY Mellon is causing MBS transactions to backup.

New Residential is coming to market with a security backed by Fannie Mae MSRs. As for the cost of the paper, details were sketchy.

Instead of larger, multi-issuer uniform MBS pools, FHFA wants seller/servicers to closely monitor the prepayment speeds of their broker/correspondent channels to ensure closer alignment of Fannie/Freddie pools.

To ensure the uniform MBS is a “continued success,” the FHFA has asked Fannie and Freddie to be watchful of “key patterns and measures.”

With Ginnie Mae forbearance requests now at 13% of outstandings, FHA has introduced a “temporary” policy to cover loans in progress.

Nonbank Ginnie Mae issuers increased their borrowings under the PTAP program in May but not significantly. Next up: FHA’s forbearance policy on loans in progress.

Directed by its regulator to curtail non-insurance front-end risk transfer deals, Fannie is piling into CIRTs instead.

Ginnie Mae is keeping a close eye on the COVID-19 forbearance readings. The wild card: the FHA’s stance on loans in progress.

Bank of America issued a $1 billion social bond to combat the economic impact of the coronavirus, the first U.S. commercial bank to do so.