Some investors prefer buying non-agency mortgages via whole loan transactions rather than stocked in MBS. Whole loans offer better yields and more loan information.

The San Francisco-based lender is prepping a $200 million ABS stocked with home-equity lines of credit originated using blockchain technology.

Low interest rates, along with better alignment of incentives between issuers and investors, are helping boost demand for securitized assets.

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.