Cart

Inside MBS & ABS

September 14, 2018

View Archived Issues

Consolidation Beckons as REITs Have Mixed Results in Portfolio Building During 2Q18

As an industry, real estate investment trusts managed to boost their holdings of residential MBS during the second quarter of 2018, but many firms were unable to build their portfolios, according to a new Inside MBS & ABS analysis of earnings reports from publicly traded REITs. [Includes one data chart.] Read More

FHFA Etches in Stone Synchronization of Fannie and Freddie Prepay Speeds, Goes a Bit Further Than Wall Street Asked

The Federal Housing Finance Agency this week moved to further cement its existing policies that require Fannie Mae and Freddie Mac to move in lockstep on matters that affect MBS prepayment speeds as a federal regulation. Read More

Freddie Develops Direct Exchange Path as it Gears Up for Launch of the Single Security in June 2019

In anticipation of the single-security launch in June 2019, Freddie Mac is working on exchange paths to make the transition from two markets to one go much more smoothly. Read More

MBS Issuer SG Capital Launches Wholesale Mortgage Originator to Feed a Growing Aggregation Business

SG Capital Partners, a boutique investment banking firm chock full of former Goldman Sachs executives, has launched a new wholesale lender to originate non-qualified mortgages, most of which will wind up in MBS deals. Read More

Lawyers for Banks and Marketplace Lenders Seek Federal Regulation to Help Maintain Business Model

Federal regulators should issue regulations that would help banks sell loans and maintain the marketplace lending business model, according to lawyers representing the financial institutions. It’s not every day that lenders seek federal regulation, but preemption of state regulations and unfavorable court rulings can prompt calls for help. Read More

Under the New Hensarling Bill, the Future Of the Common Securitization Platform Is …

If Rep. Jeb Hensarling’s new housing finance reform bill becomes law, the common securitization platform of Fannie Mae and Freddie Mac and the “disclosure framework from Common Securitization Solutions” will be transferred into a private, nonprofit corporation or “exchange.” Read More

GNMA Still Wrestling with Servicing Liquidity in Program That Continues to Tilt Toward Nonbanks

With nonbanks dominating Ginnie Mae’s single-family MBS program, liquidity is an important factor in the issuance and servicing of Ginnie MBS and has been the agency’s focus in recent years. Read More

Residential PACE Securities Performing Better than Expected, Prepayments Remain Difficult to Predict

Securitizations of residential property assessed clean energy assessments are performing better than projections made by Kroll Bond Rating Agency when issuance started four years ago, according to the rating service. Meanwhile, predicting prepayment rates remains difficult, KBRA noted in a report released late last week. Read More

CMBS to Benefit as More Income-Property Managers Embrace Smart Building Technology, DBRS Says

Increasing use of smart building technologies such as the internet-of-things can benefit commercial real estate, and thus bring meaningful impact to commercial MBS, said DBRS. Read More

Tighter Scrutiny Forces Commercial Lenders, Securitizers to Tread Lightly in ‘Weed’ Market

A number of commercial real estate lenders are dipping their toes into lending to marijuana dispensaries with the expectation of securitizing these loans, but such ventures might be premature, according to an analysis by the Dechert law firm. Read More

Latest Imf News

More Imf News

Featured Data

More Featured Data

Featured Reports

More Latest Reports

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

View Results