Wells Fargo is looking like a regular issuer of jumbo MBS these days. The bank tested the market in October and January and is currently working on a $553.6 million deal.
PIMCO could raise $1 billion from an IPO for a newly-formed REIT, PIMCO Mortgage Income Trust, which will initially invest in agency MBS, followed by mortgage servicing rights.
PIMCO Mortgage Income Trust hopes to raise $1.0 billion with a planned initial public offering. The new REIT will focus its investments on agency MBS...
PennyMac founder and Executive Chairman Stan Kurland: "While the correspondent market remains competitive, margins appear to be stabilizing as they were essentially unchanged from the prior quarter at 29 basis points..."
Blockchain technology is making inroads in the MBS and ABS sector, though there are still a number of questions that need to be addressed, according to rating services.
A new report from Moody's offers a glimpse at the financials of four private nonbanks: Freedom Mortgage, Provident Funding Associates, Quicken Loans and Stearns Holdings. Combined, core profit was down sharply at the four firms in 2018.
Improvements to the traditional sequential pay structure along with better standards are providing non-QM MBS investors with better protections than deals issued in the run-up to the financial crisis, according to DBRS.