“Millions of Americans [are] paying more for homeowners insurance — often with less protection than before — while others are scrambling to find any insurance at all, because their insurer has refused to renew their policy,” said Sen. Sherrod Brown, D-OH, chair of the Senate Committee on Banking, Housing and Urban Affairs.
The Structured Finance Association continues to push forward on revising the disclosures used with non-agency MBS. The revisions could lead to major changes in industry practices.
Most residential MBS and commercial MBS have limited exposure to the hurricane; the FDIC is working to sell Signature Bank’s $33 billion portfolio of commercial mortgages; DBRS ready to rate residential transition loan MBS; MISMO seeking comments on ESG materials.
"We don’t see much upside to the index in the near future, barring significant improvements to home affordability, which we also don’t expect," said Doug Duncan, a senior vice president and chief economist at Fannie Mae.