Agency Market Staggers in December, Ginnie the Largest Issuer in 4Q at 38% January 5, 2023 John Bancroft In the fourth quarter, Ginnie was the largest issuer of agency MBS with a 38.1% share...Read More
A Tough Road Ahead for Certain CMBS Maturities January 4, 2023 Sam Manas Now, and for the foreseeable future, capital will remain costlier and less available...Read More
HUD IG: Loans in Ginnie Pools Not Always Insured January 3, 2023 Monica Hogan Not knowing whether its pooled loans are insured puts Ginnie at increased financial risk...Read More
A (Bit of a) Rare Breed: A Securitization Backed by Open-End HELOCs December 30, 2022 Paul Muolo CMG is a privately held nonbank lender/servicer controlled by industry veteran Chris George.Read More
Headed Lower: MBS Trading Volumes... December 30, 2022 Paul Muolo In November, just $81.9 billion of MBS backed by single-family loans was issued by Fannie Mae, Freddie Mac and Ginnie Mae.Read More
MBS Creation Slides for Seventh Consecutive Month December 27, 2022 John Bancroft Securitization rates ran unusually high in 2020 and 2021 because of the epic wave of agency-bound refis...Read More
LIBOR? Going, Going, Almost Gone... December 27, 2022 Dennis Hollier The wording identifies new benchmark rates, based on SOFR...Read More
Western Alliance Taps the Non-QM CRT Well Once Again December 22, 2022 Namrata Bhatia As part of its latest risk-sharing effort, WAB sold tranches amounting to $95.0 million.Read More
Second-Level MBS Issuance Tracks 3Q22 Market Slump December 20, 2022 John Bancroft New rules from the FHFA require Fannie and Freddie to hold more capital for commingled Supers...Read More
Bad News for Refis: 94.5% of Agency MBS Has Current Interest Rates of 5.0% or Less December 16, 2022 John Bancroft For many homeowners, their current mortgage rate is too valuable (low) to give up...Read More
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