The $315.2 million MBS includes a mix of commercial RE and residential investment properties.

June could see an improvement in issuance but it likely won't be huge...

An ominous sign: Agency issuance over the first five months of 2022 totaled $921.38 million, down 44.0% from the same period last year.

Mortgages originated by Community Development Financial Institutions don't need to follow ability-to-repay standards established by the Consumer Financial Protection Bureau.

Originators of jumbo mortgages saw better execution in whole loan deliveries in May rather than MBS issuance.

Volatility in the secondary market has led to a 49-basis-point interest rate spread between jumbo and comparable conventional loans.

REIT TBA investments down 22.6% as MBS values fall.

Issuers of non-agency MBS offered four deals on May 20, with a total unpaid principal balance of $1.72 billion.

Fun fact: Banks continued adding MBS to their portfolios even though they had to write down the value for most of their holdings.

Moody's had raised concerns about the concentration of “wet loans” in the securitizations...