First-Quarter Agency MBS Volume Up on Annual Basis April 5, 2024 John Bancroft Purchase-mortgage volume at Ginnie Mae increased by 13.9% on an annual basis in the first quarter of 2024.Read More
ABS Market Braces for Fallout From CFPB Court Victory April 5, 2024 Shannon Clark The U.S. Court of Appeals for the Third Circuit held that National Collegiate Student Loan Trust student loan ABS are covered persons subject to the CFPB’s authority under the Dodd-Frank Act.Read More
Fitch Warns of ‘Global Contagion’ From Commercial Loans April 3, 2024 Brandon Ivey Fitch said issues with commercial loans could prompt the failure of “a moderate number of predominantly smaller banks.”Read More
Short Takes: Altisource Shifts From Mortgages to EV Tech / Applications Down Slightly / Farmer Mac Sees Strong Demand / HUD’s Vacant Lot Sale April 3, 2024 Brandon Ivey Altisource Asset Management is working on a control system that increases the efficiency of electric vehicles.Read More
Mortgage REIT to Drop Mortgages and REIT Status April 2, 2024 James Dohnert Ellington Residential Mortgage REIT will rename and shift focus to investing in collateralized loan obligations.Read More
Mixed Trends in Latest Non-Agency MBS April 2, 2024 Brandon Ivey Angel Oak Companies, Lone Star Funds and Redwood Trust kicked off the second quarter of 2024 with new non-agency MBS offerings.Read More
FHFA Conducting Targeted Exams of Nonbanks March 29, 2024 Brandon Ivey Between October 2021 and August 2023, 21 exams were conducted.Read More
Subtle Shifts in Securitization Rate as Lending Declines March 29, 2024 Brandon Ivey The securitization rate for residential mortgages was 72.1% in 2023.Read More
Rithm Capital Preps RTL Securitization March 28, 2024 James Dohnert The deal received a preliminary A rating from Morningstar.Read More
Fed’s Losses on MBS Holdings Decline in 2023 March 27, 2024 Brandon Ivey In 2023, the Fed realized a loss of $56 million on its agency MBS holdings.Read More