ABS issuance has climbed steadily since bottoming out in 2010, and this year is on track to exceed $200 billion in annual issuance for the first time in eight years.
According to IMF’s exclusive ranking, Cenlar ranked first among all subservicers at the end of the first quarter with an estimated $252 billion of contracts...
A few years back, one investor in nonperforming loans told us that when he couldn’t find a delinquent borrower he turned to the Internet, namely Facebook...
Credit Suisse, the top jumbo MBS issuer through the first half of 2015, placed $629.6 million of jumbo MBS in 2Q, down 44.7 percent on a sequential basis.
New production of non-agency MBS declined sharply from the first quarter to the second quarter of 2015, although year-to-date issuance suggests that 2015 could top last year’s total output. Just $13.92 billion of non-agency MBS were issued during the second quarter, a 40.0 percent tumble from the first three months of the year. The first quarter of 2015 was the biggest quarter in non-agency MBS issuance since the second quarter of 2009. The biggest components of the market have been...[Includes three data tables]
Bond investing giant Pacific Investment Management Co., commonly known as PIMCO, is getting more serious about buying a mortgage franchise and has zeroed in on a mid-sized nonbank, according to industry officials who claim to have knowledge of the talks. But it’s not mortgage banking, per se, that PIMCO is ultimately interested in – it’s the MBS market. “PIMCO has been in the MBS game for many years, so I would think this is possible,” said industry consultant Paul Hindman. Hindman has...
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