First Republic Bank's stock price dropped by 50% the day after the bank released earnings for the first quarter.

Distressed sales of MBS helped to bring down Silicon Valley Bank.

First Republic is altering its originate-to-hold strategy as deposits shrink.

Morgan Stanley initially started marketing the jumbo MBS just before the failure of two regional banks in March.

The lender expects that margins will improve somewhat later this year.

A modest recession is likely in the second half of 2023, according to economists at Fannie Mae.

Sure, big banks have sizeable unrealized losses from MBS classified as held-to-maturity. But as long as the banks don’t sell the MBS, the losses remain unrealized.

Private student loan refis and ABS issuance linked to the loans look poised to increase after plummeting in 2022.

The notion that the single-family rental market can flourish whether the housing market is hot or struggling is being put to the test. Kroll Bond Rating Agency cautioned that upgrades of SFR securitizations will be limited in the near term.

Ginnie officials meet with government and private finance entities in Taiwan and South Korea; Chase hopes to use securitization to reduce capital requirements; Fitch downgrades PacWest’s credit-risk transfer deal; KBRA gives all clear on bank exposure in non-agency MBS.