Ellington Continues Steady Issuance of Expanded-Credit MBS July 13, 2022 Brandon Ivey The $346 million MBS is the third expanded-credit deal from Ellington this year...Read More
MBS Issuance Down Sharply in 2Q22, ABS Gains July 13, 2022 John Bancroft Most of the civilized world saw the refi slump coming, but the GSEs posted a 3.7% drop in purchase-mortgage business...Read More
Ginnie Issuance Declines Even as Purchase Mortgages Gain July 12, 2022 Monica Hogan The top-ranked Ginnie MBS issuer in 2Q22 was PennyMac Financial...Read More
Fannie/Freddie Exposure to New Fee on Commingled Securities Differs July 12, 2022 Dennis Hollier Fannie and Freddie have very different levels of exposure to uniform MBS issued by the other...Read More
Non-Agency MBS Issuance Down Sharply in 2Q22 July 11, 2022 Brandon Ivey Spreads on ECM deals priced in May were near levels last seen in the early days of the pandemic...Read More
Western Asset Tests Waters with New Non-QM MBS July 8, 2022 Brandon Ivey The MBS is stocked with loans originated amid the rising rate environment.Read More
Just In: 2Q22 Agency Mortgage Tally Lowest Since Early 2019 July 7, 2022 John Bancroft The top three agency sellers in 2Q22: Rocket Mortgage, UWM and PennyMac Financial...Read More
MFA Offers Non-Agency MBS with Exceptionally Old Loans July 7, 2022 Brandon Ivey Loans in a new RPL MBS from MFA were originated in 2005, on average.Read More
In a Tough Investor Market, PennyMac (the REIT) Issues Debt July 6, 2022 Paul Muolo The five-year notes offer a yield of 419 basis points above SOFR...Read More
FHFA LLPA Changes Hit High-Balance, Second-Home Deliveries July 5, 2022 John Bancroft At the direction of the FHFA, the GSEs significantly increased LLPAs for high-balance and second-home loans starting with April deliveries.Read More
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