The industry added $30 billion to its residential MBS holdings in the first quarter, mostly in agency pass-through securities. But some of the increase resulted from a shift in reporting at a large bank. Read More
Liquidity does not appear to be a cause of concern for the secondary market agency’s top nonbank issuers despite differences in how liquidity issues are addressed from firm to firm.
Fitch Ratings called out other rating services for allowing credit enhancement levels that it views as inadequate on ABS from marketplace lenders. Other rating services are seen as getting more comfortable with the sector. Read More
The firm detailed its residential mortgage-related assets under management in a recent filing, demonstrating its dominating presence in the housing-finance market.
The trading volume was decent during April but paled in comparison to most other months this year. Meanwhile, investors are worried about the usual: declining interest rates and prepayment rates. And a new wild card has emerged: A possible rate cut by the Fed.
VA is on track to implement a new servicing phase of a project that would convert the current VA Loan Electronic Reporting Interface to an end-to-end origination and servicing platform. The enhanced servicing application will go live on May 28.