No indication yet from federal regulators on when a planned re-proposal of capital requirements for large banks will be issued.

Non-agency MBS issuers typically ensure properties in the deal are damage free. That standard can be difficult to achieve if a hurricane strikes while the deal is still in the works.

The securitization will retire a similar transaction that was issued a year ago. Rating services raised some concerns about changes in streaming and risks from songs generated with AI.

Deals rated by Moody’s successfully navigated the end of LIBOR reporting; vintage MBS wrapped by MBIA downgraded; GSEs, Ginnie increase MBS disclosures; ICE offers emissions estimates for MBS; new TBA trading app from South Street Securities.

Foreclosure activity declined by 2% in the third quarter of 2024 compared with the previous quarter.

Damage costs from Hurricane Milton could affect insurance underwriting margins and earnings.

Interest rates on mortgages increased in the past week even though the Fed is on a path to cut rates further. The movements are a reminder that mortgage interest rates don’t necessarily move in tandem with the Fed.

Loans made with balances above the 2025 loan limits won’t be eligible for delivery to the GSEs’ standard programs.

Loans in the MBS were originated by Southwest Stage Funding via its Cascade Financial Services unit.

Demand for refis declined last week while applications for purchase mortgages held steady.