Banks Tapping Fed Program to Help With Low-Value MBS June 29, 2023 Brandon Ivey The Fed’s Bank Term Funding Program allows banks to receive loans on favorable terms for the face value of agency MBS and Treasury securities.Read More
GSE Buyback Activity Up Slightly in First Quarter June 28, 2023 John Bancroft Some 66.5% of GSE repurchases in the first quarter involved loans securitized in 2022.Read More
Western Asset’s REIT to Merge With Terra Property Trust June 28, 2023 Brandon Ivey Western Asset Mortgage Capital's investments in residential assets will be sold off, with the capital going toward commercial assets.Read More
Chase Helping to Boost Second-Lien Securitization June 28, 2023 Paul Muolo Issuance of securitizations with second liens in 2023 has already surpassed the volume seen in all of 2022.Read More
Short Takes: Applications Up Slightly / New Non-QMs at UWM / Chase Expands Grant Offering / TX Bank to Resume Lending / Angel Oak REIT’s MBS June 28, 2023 Brandon Ivey Purchase mortgage application levels are still well below the activity seen at this time last year.Read More
Mortgage Securitization Rate Continues Slide June 27, 2023 John Bancroft As originations decline, the securitization rate shrinks.Read More
Maxex Raises Capital as Market Volatility Persists June 26, 2023 James Dohnert Maxex has a network of 350 bank and nonbank originators...Read More
1Q Fun Fact: MBS/ABS Pile Up in Bank Trading Accounts June 26, 2023 John Bancroft JPMorgan led the pack with $75.3 billion of agency MBS held in its trading account at March 31...Read More
SEC Open to Walking Back Some Provisions in Conflicts Proposal June 23, 2023 Brandon Ivey The SEC is still working to establish a rule required by the Dodd-Frank Act to address conflicts of interest in the securitization market.Read More
Short Takes: A Rare Jumbo MBS / Data Standardization / Delinquencies Decline / Home Price Outlook June 23, 2023 Brandon Ivey Only two jumbo MBS hit the market in a 30-day span. Both were from Chase...Read More
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