FHFA Undeterred by Criticism of New MBS Fee. However… July 1, 2022 Dennis Hollier The new fee was roundly criticized by MBS investors...Read More
Most REIT-Related Debt Trading at a Discount July 1, 2022 Paul Muolo Mortgage REIT stock prices are down and most company debt is trading below par. A buying opportunity or something else?Read More
Getting More Expensive: Buying Certain GSE Securities June 30, 2022 Dennis Hollier The big question: Why have the two GSEs suddenly decided to implement the fee?Read More
Annaly Paints Rosy Picture For MBS, Servicing Rights June 30, 2022 Sam Manas Annaly values its MSRs at north of $1 billion...Read More
PIMCO Gets Picky on Non-QM Yields June 28, 2022 Paul Muolo PIMCO — which last week slashed the workforce of its mortgage company FGMC to the core — declined to comment...Read More
Deephaven Readies a New Nonprime MBS…With Seasoned Collateral June 28, 2022 Paul Muolo The servicer of record is Shellpoint...Read More
Securitization Rates Spike in 1Q22 as Originations Tumble June 28, 2022 John Bancroft Originations of first-liens fell 27.1% from the fourth quarter, affecting securitization rates...Read More
MBS/ABS Investment Down In BHC Trading Accounts June 24, 2022 John Bancroft Banks’ trading account assets are reported at fair value. When rates increase, MBS suffer value declines.Read More
More Turbulence for Non-QM Whole Loans? June 22, 2022 Paul Muolo A federally insured bank that had been buying non-QMs on a correspondent basis last month shut its window.Read More
Fannie, Freddie Impose Fees on Certain Resecuritizations June 22, 2022 Dennis Hollier The motivation for the fee is still somewhat fuzzy...Read More
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