ABS issuers and investors are considering whether to use SOFR or Treasury rates as a pricing benchmark following the end of LIBOR reporting.

Fannie priced a credit-risk transfer deal linked to single-family mortgages; the SEC won’t take an enforcement action against Two Harbors; performance of consumer ABS backed by loans originated by marketplace lenders expected to decline.

Servicers aren’t rushing to complete foreclosures as borrowers reach the end of their forbearance plans. The CFPB has a close eye on mortgage shops, prompting caution among industry participants.

loanDepot’s founder is busy buying luxury homes these days. In a few weeks we’ll know how well the company did in the fourth quarter. Meanwhile, non-agency MBS production remains brisk.

Three prime non-agency MBS hit the market Tuesday, making eight deals offered thus far in 2022.

Expanded-credit MBS issuance also increased in 2021, though it remained below the level seen in 2019.

With the CFPB watching closely, mortgage servicers are careful about how they approach foreclosures...

The top issuer for the year: Freedom Mortgage with a whopping $106.9 billion...

Issuance of Ginnie Mae mortgage-backed securities hit a record despite a slowdown in refi volume. The VA remained the top source of Ginnie activity for the second consecutive year. (Includes four data charts.)

Issuance of non-agency MBS last year topped the volume seen pre-pandemic. Activity was concentrated on prime loans, both non-agency jumbos and GSE-eligible mortgages. (Includes data chart.)