All of the participants in the Fed’s TALF program set up in the early days of the pandemic were so-called opportunistic investors that hadn’t previously been buying AAA-rated deals.

New reports from S&P and Fitch look at how home price appreciation, affordability and housing overvaluation trends, especially in certain geographic markets, might impact residential MBS.

Kroll Bond Rating Agency estimates around 60% of loans maturing through 2023 would be able to refinance without added costs. But the refi prospects for retail properties and lodging are bad.

Commercial mortgage trading is a market that flies under the radar of most residential broker/dealers. RAMS has decided to make the leap.

Issuance has started with a bang in 2022 as commercial MBS performance in 2021 continued to beat market expectations.

The non-agency CMBS market posted a huge 97.4% increase in issuance in 2021, led by the securitization of office and industrial-property mortgages. Fannie, Freddie and Ginnie continued to dominate multifamily MBS with a steady 8.3% gain. (Includes two data charts.)

When looking at activity by rating services in 2020, the SEC found problems involving ABS and CLOs, among other issues. The regulator as usual didn’t identify the offenders.

The share of loans in commercial MBS experiencing high levels of losses is increasing, according to Kroll Bond Rating Agency.

SFVegas pushed back to July; commercial MBS delinquencies rise for first time in more than a year; Fannie obtains ratings for older CRTs; Verizon to issue more ABS tied to cellphone payment plans.

A Florida-based investor is touting the profits available from commercial MBS with distressed malls. The trade runs counter to the “mall shorts” that helped generate massive returns for some investors last year.