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
PIMCO and Mortgages: Is it All Over? July 1, 2022 Paul Muolo FGMC's list of creditors reads like a Who’s Who of Wall Street finance: Daiwa Capital, Deutsche Bank, Jefferies Capital and Morgan Stanley, to name a few...Read More
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
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