Market participants are finding it difficult to move away from LIBOR in the absence of an alternative rate and because of document-related issues.

REITs, which have become key investors in MBS and MSRs, may get another crack at FHLB membership if the Trump administration gets its way. The golden chalice: discount advances available via the borrowing window.

FirstKey Mortgage is prepping a rare residential MBS backed entirely by manufactured-home loans.

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

If the U.S. economy enters a recession, MBS and ABS are expected to perform relatively well, according to S&P. Subprime auto ABS, certain commercial MBS and CLOs are most at risk for downgrades.

Switching from LIBOR to another reference rate looks to be difficult for vintage non-agency MBS. Adopting a replacement rate will require significant communication and cooperation among investors.

Redwood has suggested a number of changes that could boost issuance of non-agency MBS. The REIT wants reforms regarding risk retention and disclosures for non-agency MBS.

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

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.

Following Chase, Citi is issuing MBS backed by non-QMs. The participation of two big banks is an encouraging sign for the sector.