REITs, which have become key investors in MBS and MSRs, may get another crack at FHLB membership if the Trump administration gets its way. The golden chalice: discount advances available via the borrowing window.
Securitization of income-property mortgages rose 12.4% from the first to the second quarter and six-month volume was up from last year. Non-agency CMBS saw the biggest quarterly gain.
With increased competition in financing channels, commercial MBS is losing its popularity to fund commercial real estate loans when a previous CMBS loan reaches maturity, according to a Trepp report.
A Third Circuit appeals panel held that owner trustees are not responsible for residential MBS losses, given their limited duty under governing contracts.
The firm detailed its residential mortgage-related assets under management in a recent filing, demonstrating its dominating presence in the housing-finance market.
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