MBS issuers are addressing the potential end of LIBOR but could still face a number of risks, according to Moody's Investors Service.

Western Asset Management and Verus Mortgage are both preparing large expanded-credit MBS, while other firms plan to enter the market.

The firm this week postponed a $1 billion IPO for a new REIT that will purchase MBS and related assets. Down the road, the REIT likely will dip its toe in the non-QM pond as well.

The total mortgage delinquency rate among large mortgage servicers in March was at the second-lowest level in the post-crisis era. A number of factors are contributing to strong loan performance.

New Jersey recently passed licensing requirements for mortgage servicers, taking the tally to about 40 states. More than 20 states also have licensing requirements for investors in servicing.

PIMCO Mortgage Income Trust: “The company elected to postpone the offering as a result of unfavorable equity market conditions..."