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Home » Topics » IMFnews » Secondary/MBS

Secondary/MBS
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Little Commingling of GSE MBS Despite Fee Reduction

February 29, 2024
John Bancroft
Commingling happens when a government-sponsored enterprise stocks a new Supers deal with MBS issued by the rival GSE.
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Ginnie Revises Financial Requirements for Manufactured Housing Lenders

February 29, 2024
Monica Hogan
Ginnie Mae's revisions come one day after the FHA raised the maximum loan limit for Title 1 loans on manufactured housing.
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Bank Holdings of MBS Increase in Fourth Quarter

February 27, 2024
John Bancroft
Holdings of residential MBS at banks increased by 5.6% in the fourth quarter of 2023, ending a two-year decline.
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GSE Conservatorship Not Expected to End Anytime Soon

February 27, 2024
James Dohnert
Despite underlying issues with the mortgage market, the FHFA's conservatorship over Fannie Mae and Freddie Mac looks unlikely to end.
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Short Takes: Treasury Focusing on Property Insurance Costs / Chase Stocks MBS With HELOCs From Nonbanks / Great Ajax Turns to Rithm / KBW Sees Upside in GSE Stock

February 27, 2024
Brandon Ivey
The roundtable hosted by the Treasury focused on how the increased risks from climate change are affecting insurance markets.
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Bank CRT Activity Expected to Increase

February 26, 2024
Brandon Ivey
To this point, the deals have been more frequent in Europe than in the U.S.
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Short Takes: Trade Groups Urge SCOTUS to Hear Bankruptcy Case / Another MSR Securitization From PennyMac / Jumbo Reverse Mortgage Securitization

February 26, 2024
Brandon Ivey
The MBA cautioned that a ruling by the Fourth Circuit against PHH Mortgage departed from standard practices and could have wide-ranging harmful impacts for lenders.
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Home-Improvement ABS Market is Expected to Grow

February 23, 2024
Brandon Ivey
KBRA said home-improvement ABS are performing better than securitized unsecured consumer loans with similar borrower credit characteristics, but worse than securitized prime auto loans.
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FHLBank of San Francisco to Accept VantageScore Credit Scores

February 23, 2024
Dennis Hollier
The San Francisco FHLBank says the move will allow it to expand the pool of creditworthy applicants.
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Short Takes: Rithm Markets Non-QM MBS / Fannie Mae Hires COO / CrossCountry Launches CashPlus / Interest Rates Projected to Fall Below 6% This Year

February 23, 2024
James Dohnert
Fannie's new operations head comes from Morgan Stanley...
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