REIT CEO Ivan Kaufman said Arbor developed the program in response to concerns that the Federal Housing Finance Agency was going to reduce the cap on how much multifamily volume the GSEs are allowed to acquire…
Before the financial crisis, the “overwhelming majority” of non-agency MBS fell into the publicly registered category. But after the SEC issued wide-ranging changes to disclosure requirements in 2014, there has been no public issue of non-agency MBS whatsoever…
The volume of jumbo originations improved in the third quarter but not as fast as the increase in total originations across the mortgage market, causing the jumbo sector to lose market share. (Includes data chart.)
No publicly registered deal has been issued since the SEC tightened disclosure requirements in 2014. However, revisions contemplated by the agency could change all that.
The dollar volume of conforming jumbo mortgages included in GSE MBS increased sharply in the third quarter. Other noncore GSE business also expanded. (Includes data chart.)
Redwood’s mortgage banking income decreased in the third quarter as falling interest rates lessened demand for MBS. Execution rebounded in October after interest rates increased.