Bank Failures Spur Another Decline in MBS Investment May 22, 2023 John Bancroft A big chunk of that downturn resulted from the collapse of Silicon Valley Bank...Read More
Change Readies Its Eighth MBS, the First Rated by Fitch May 22, 2023 James Dohnert The reason the loans are considered nonprime: a lack of income and employment verification.Read More
Ginnie Issuance, MBS Payments Could Withstand U.S. Debt Default May 19, 2023 Monica Hogan If the U.S. defaults on its debts, Ginnie could still guarantee MBS and investors would still receive proceeds from the securities.Read More
Deliveries to GSEs Increase in April May 18, 2023 Dennis Hollier GSE business increased in April on a monthly basis, including improvements among 84 of the top 100 GSE sellers.Read More
Short Takes: Lenders Take LLPA Changes in Stride / Some Relief for HECM Servicers / Funding for Fractional Homeownership / Jumbo MBS From Goldman May 18, 2023 Brandon Ivey Implementation of FHFA's latest LLPA changes hasn't been a burden for lenders.Read More
Short Takes: Home Price Projections / Applications Decline / Better Stock for Garg / Non-QM MBS May 17, 2023 Brandon Ivey and Paul Muolo Home price declines in California in 2023 might not be as bad as initially expected.Read More
Short Takes: 14 Million Refis / MSRs for Sale / New CRT From Freddie / Forbearance Dwindles May 16, 2023 Brandon Ivey and Paul Muolo About one-third of total mortgage debt outstanding refinanced during the pandemic when interest rates were exceptionally low...Read More
Improvement Cited in the Scratch-and-Dent Market May 15, 2023 Paul Muolo S&D bid prices have improved this year...Read More
Verus Brings Large Expanded-Credit MBS May 12, 2023 James Dohnert Invictus Capital Partners’ Verus Mortgage Capital is set to issue its fourth expanded-credit MBS of the year.Read More
Bank Failures Weighing on Agency MBS Investors May 11, 2023 Brandon Ivey Instead of adding to their MBS portfolios in 2023, banks are now expected to be net sellers.Read More
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