Ellington Returns to Non-QM MBS Market, Sourcing Mortgages from LendSure June 10, 2019 Brandon Ivey Non-QMs account for 76.3% of the collateral... Read More
Agency MBS Issuance for May: $116 Billion, the Best Reading of the Year June 7, 2019 John Bancroft Fannie Mae led the pack with $43.58 billion in MBS issuance last month, a 32.9% jump from April... Read More
Trickle of Jumbo MBS Issuance Continues with First Deal of the Year from AIG June 7, 2019 Brandon Ivey Just three weeks remain in the month. By this point in 2018, AIG had issued two jumbo deals.Read More
Fitch to Take a Closer Look at Natural Disaster Risk for MBS June 6, 2019 Brandon Ivey Fitch Ratings plans to apply a penalty for natural-disaster risk when rating non-agency MBS and CRTs issued by Fannie Mae and Freddie Mac...Read More
Short Takes: A Refreshing Assessment from Freddie’s Don Layton / Hey, Let’s Build an AU System Everyone Can Use (Maybe Not) / FHFA Pulls the Plug on Rate Survey / Booming Loan Originations. However… / CHLA Hires Industry Vet Willison June 5, 2019 Paul Muolo Freddie CEO Don Layton: "People tell me, ‘Well, let’s have a common AUS that everyone can use.’ My only data point on that is that to have a common system on the backend for the security (UMBS) took seven years and $2 billion to build…”Read More
Short Takes: A Lower Production Read on LOs / FHFA Chief Weighs in On Affordable Housing Creation / Thinking About What Gordon Gekko Once Said / Civic Launches Correspondent Initiative / Wholesale v. Correspondent June 4, 2019 Paul Muolo and Brandon Ivey If only we had more GSE charters...Read More
Coming Soon and Causing Agita: CECL June 4, 2019 George Brooks CECL requires expected losses to be anticipated long before actual evidence of a loss can be recognized… Read More
NAR Advises FHFA Chief Against ‘Aspirational’ Attempts, Curtailing the GSE Footprint June 4, 2019 Paul Muolo NAR: FHFA must allow Fannie and Freddie to meet their public mission of supporting liquidity and broad access...Read More
Banks and Thrifts Losing Interest in Non-Mortgage ABS? May 31, 2019 John Bancroft TD Bank was the largest depository holder of non-mortgage ABS at the end of March, according to a new ranking from Inside MBS & ABS...Read More
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