A $732.6 million ABS tied to music royalties closed this week. Other esoteric ABS in the market include healthcare-related financing, shipping container leases and property tax liens.
In January, the GSEs took in a significant volume of mortgages with balances greater than the baseline conforming loan limit for 2021. Note: A number of lenders had given themselves a head start on 2022 loan limits.
Black Knight: "The decline in serious delinquencies has been slower than might be expected given the large number of borrowers who have exited forbearance"...
The number of loans 30-59 days delinquent in agency MBS increased during the second half of 2021. Late payments increased on FHA mortgages along with GSE loans. (Includes data chart.)
Banks that expand mortgage lending beyond their local markets into high-growth areas face some risks, according to findings published by the International Monetary Fund.
Leaders of New Residential and PennyMac Financial Services express a negative outlook on GOS; study finds eClosings generate a positive return on investment; Flagstar accepting applications for its mortgage technology accelerator program; borrowers surprised by the paperwork required for a mortgage; RiskSpan teams with Verisk to detail loan-level climate risk.