PIMCO is set to issue a non-agency MBS with loans sourced from non-QM deals issued by Lone Star Funds. The older MBS were subject to clean-up calls, allowing PIMCO to re-package the loans.
Deer Park Road Management Company was fined for undervaluing non-agency MBS in a hedge fund. The action is aimed at discouraging artificially smooth performance reporting.
New York-based real estate investment trust MFA Financial is working on two separate non-QM- related MBS deals that could come to market sometime this spring, according to officials familiar with the transactions.
Investment demand for data-center real estate investment trusts is likely to grow given the expanding demand for technology services, and it will not be risky, Morningstar Credit Ratings said in a new report.
The Federal Reserve lost its top ranking among residential MBS investors during the fourth quarter of 2018, giving way to the commercial banking sector, according to a new In-side MBS & ABS analysis. [Includes three data charts.]
Disclosures to investors in post-crisis non-agency MBS regarding potential breaches of representations and warranties have been inadequate, according to Moody’s Investors Service.