While CMBS issuance was down overall, there were a few pockets of strength in the non-agency sector. Agency multifamily MBS issuance tumbled 16% from the fourth quarter. (Includes two data charts.)

S&P has proposed revisions to its criteria for judging the adequacy of risk-based capital when assessing insurers. The revision would prompt higher capital requirements for certain MBS and ABS held by insurers.

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.