FHFA Plans Changes for Federal Home Loan Banks October 6, 2023 Brandon Ivey After FHFA finishes a review of the Federal Home Loan Bank system, the agency will issue at least one proposed rule with reforms.Read More
MBS Investors Facing Margin Calls October 6, 2023 Paul Muolo REITs that invest in MBS likely have been getting margin-called from repo lenders.Read More
Bank Holdings of Mortgages for Sale Increase October 5, 2023 Brandon Ivey Banks and thrifts held $44.06 billion of mortgages for sale as of the end of June, up 8.1% from the end of March.Read More
Short Takes: Rate Locks Decline / MBA’s PAC Grows / Das Lands at Pagaya / Another Large MBS From Invictus October 5, 2023 Brandon Ivey Rate locks were down across mortgage products in September, including a large drop in cash-out refis.Read More
Banks Add to MBS in Trading Accounts October 4, 2023 John Bancroft Chase increased the agency MBS in its trading accounts by $11.20 billion during the second quarter, boosting its total to $86.52 billion.Read More
GSE Buybacks Increase in 2Q; Pending Requests Down October 3, 2023 John Bancroft GSE-related buybacks increased by 2.3% on a quarterly basis.Read More
Securitization Rate Steady in Second Quarter October 3, 2023 Namrata Bhatia In the conventional-conforming sector, the securitization rate rose to 71.4% from 68.8% as Fannie Mae and Freddie Mac churned out new MBS faster than the market was making new loans.Read More
Fitch Leads Non-Agency MBS Ratings in Second Quarter September 29, 2023 John Bancroft Fitch and DBRS weathered the sharp drop in rated non-agency MBS issuance better than their competitors.Read More
ICE Touts Benefits of Black Knight Acquisition September 29, 2023 James Dohnert Mortgage investors, lenders and borrowers could all benefit from ICE's acquisition of Black Knight, according to leaders at ICE.Read More
Short Takes: Interest Rates Up / Still Expected to Come Down / Annaly Offers Non-QM MBS September 29, 2023 Brandon Ivey Interest rates on mortgages hit a level last seen in 2000.Read More