The Beat Goes On: Nonbanks, Risky or Not? September 9, 2021 Paul Muolo Nonbanks, risky or not for the MBS market? Ginnie Mae’s new capital proposal may finally settle the question. If it becomes final...Read More
How to Move from the Cash Window to MBS August 19, 2021 Dennis Hollier Unpacking the transition from cash seller to guarantor. MCT experts and Freddie officials explore differences in pricing, servicing, and operations.Read More
Opposition to Ginnie RFI Targets Risk-Based Capital August 12, 2021 Paul Muolo Commentators seem to agree that stronger capital positions are good for the Ginnie Mae business in general, but getting there is the hard part.Read More
Agency MBS Volume Growing in Repo Market August 12, 2021 Dennis Hollier In the past six years, repos backed by MBS nearly doubled to roughly $400 billion a day, a new Federal Reserve study found.Read More
Ginnie Mae MBS Buyout Practices Vary Among Banks, Nonbanks August 5, 2021 Monica Hogan It’s easier for banks to complete buyouts of mortgages from Ginnie MBS than nonbanks due to banks’ funding advantages. Nonbanks are also increasingly modifying mortgages rather than offering partial claims. Read More
GSEs and Non-Agency MBS Now on Level Playing Field with QMs July 8, 2021 Brandon Ivey The end of the QM patch — thanks to a maneuver by the FHFA and Treasury — could help the non-agency market compete with the GSEs.Read More
One-on-One with Former Treasury Official Phillips on the GSEs June 10, 2021 Dennis Hollier In an interview with IM&A, former Treasury official Craig Phillips says capitalize the GSEs and let them go.Read More
MBS Prepayment Speeds Continue to Decline. However... June 10, 2021 Paul Muolo Prepayment speeds are dropping on agency MBS but there could be choppy waters ahead on VA IRRRLs. For now, VA is staying quiet.Read More
Fannie Further Simplifies MBS Pool-Closing Process May 13, 2021 Dennis Hollier Improvements in Collateral Underwriter mean field reviews of appraisals will no longer be required. Read More
PennyMac Taps Structured Finance Vehicle to Lever MSRs May 6, 2021 Paul Muolo Notes backed by MSRs could become plentiful if a strategy employed by PennyMac Financial and its sister company catches fire.Read More