Jumbo-Conforming Spread Reaches Near Record Levels May 27, 2022 Brandon Ivey Volatility in the secondary market has led to a 49-basis-point interest rate spread between jumbo and comparable conventional loans.Read More
Soaring Interest Rates Ding REIT-Held MBS May 27, 2022 John Bancroft REIT TBA investments down 22.6% as MBS values fall.Read More
Non-Agency MBS Issuers Pile Into Market May 23, 2022 Brandon Ivey Issuers of non-agency MBS offered four deals on May 20, with a total unpaid principal balance of $1.72 billion.Read More
A Rare Decline in MBS Holdings for Banks, Thrifts May 20, 2022 John Bancroft Fun fact: Banks continued adding MBS to their portfolios even though they had to write down the value for most of their holdings.Read More
Downgrades for loanDepot on Warehouse Deals May 17, 2022 Brandon Ivey Moody's had raised concerns about the concentration of “wet loans” in the securitizations...Read More
Purchase Mortgages Prop Up Ginnie Issuance in April May 17, 2022 Monica Hogan In April, the top three GNMA issuers were PennyMac Financial, Freedom Mortgage and Rocket Mortgage...Read More
MBA Chief: Recent LLPA Changes ‘Doing More Harm Than Good’ May 16, 2022 Paul Muolo and Dennis Hollier Broeksmit said MBA “strongly favors a robust private market"...Read More
Commercial MBS Issuance Falls Back to Earth in 1Q22 May 16, 2022 John Bancroft The non-agency CMBS sector took the biggest hit...Read More
Mega REITs Continue to Shed Agency MBS May 16, 2022 Paul Muolo AGNC owned $47.2 billion of MBS, down 9.6% from yearend and off a bloodcurdling 25.4% from the same period a year ago.Read More
Angel Oak’s Non-QM REIT Takes a Loss in 1Q but Remains Optimistic May 13, 2022 Brandon Ivey Angel Oak held $2.7 billion of product on its books at March 31, including non-QM whole loans and investments tied to MBS.Read More
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