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Home » Topics » IMFnews » Secondary/MBS

Secondary/MBS
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Weaker 2Q Mortgage Results From Flagstar. Bank Ups Its Game in EBOs

July 28, 2021
Paul Muolo
Flagstar's gain-on-sale margin fell to 135 basis points compared to 184 bps in 1Q21. The company also reduced the asset value of its mortgage servicing portfolio...
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Nomura Ramping Up Investment-Property Non-Agency MBS Issuance

July 28, 2021
Brandon Ivey
Nomura issued its first investment-property non-agency MBS in May.
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ABS Issuance Falters in 2Q but 2021 on Pace for Big Year

July 28, 2021
With American Airlines grounded, issuance of business-class ABS fell $6.03 billion, or 23.0%, from the first to the second quarter.
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JPM Hits Market With Yet Another Investment-Property MBS. Next Up: UWM

July 27, 2021
Brandon Ivey
Take note: Two investment-property non-agency MBS from JPMorgan Chase in less than a week.
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GSE Bulk MSRs Hit the Auction Circuit

July 26, 2021
Paul Muolo
The selling institution is based on the West Coast...
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Wells Fargo, A Mover and Shaker in the Ginnie EBO Game

July 26, 2021
Paul Muolo
The stagecoach has a huge advantage, namely that it’s the largest depository owner of Ginnie servicing rights at $149.1 billion and has an extremely low cost of funds...
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MBS Trading Sags but a New Benchmark is Born

July 23, 2021
Paul Muolo
Just when you thought rates were in an upward trend, a reversal occurs...
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MI Sector Benefits from Strong Purchase Activity in 2Q21

July 22, 2021
John Bancroft
Sales of conventional loans with private MI to Fannie Mae and Freddie Mac recorded a bigger 10.3% increase from the first quarter.
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Trouble Ahead for the Rating Agencies? Democrats Roll Out Reform Legislation

July 22, 2021
Brandon Ivey
As might be expected, Republicans on the committee weren’t convinced that Congress should create an entity that would be involved in the assignment of credit ratings.
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Refis Drive Surge in Jumbo MBS Issuance in Second Quarter

July 21, 2021
Brandon Ivey
Roughly $2.26 billion of jumbo MBS issued in the second quarter included a cash-out component...
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