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Inside MBS & ABS

December 14, 2018

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Non-Agency MBS Outstanding Nearing End of 11-Year Tunnel, Agency Market Plods Forward

The supply of single-family non-agency MBS continued to decline in the third quarter of 2018, but the sector may be nearing a turnaround point, according to a new Inside MBS & ABS analysis of outstanding mortgage securities. [Includes two data charts.] Read More

Carrington Prepping Its First Non-QM MBS; Angel Oak Will be Active as Others Eye Entry Into the Market

With more lenders eyeing the non-qualified mortgage sector for entry in 2019, the deal volume for non-agency MBS could pick up significantly in the quarters ahead. Read More

Prices for Seasoned Performing Whole Loans Decline Somewhat in 3Q Trading. An ‘Extremely Active’ Market

Prices for seasoned performing whole loans declined slightly during the third quarter, according to MountainView Financial Solutions. The secondary market for performing/re-performing whole loans has been “extremely active” this year, according to the firm’s residential whole-loan trading desk and transaction advisory teams. Read More

MBS Trading Hammered in November. Will the Stock Market Carnage Continue, Leading to Lower Rates?

The average daily trading volume in agency MBS fell to $206.4 billion during November, the worst reading since August and the third lowest of the year, according to figures compiled by the Se-curities Industry and Financial Markets Association. Read More

Deutsche Bank, Investors Agree to Settle RMBS Cases in NY and CA; Wells Fargo Settles Dispute with Illinois

Deutsche Bank, asset managers and investors have agreed to settle their long-running dispute over the bank’s alleged failure to fulfill its obligations as trustee to more than 500 trusts backed by legacy residential MBS valued at more than $570 billion. Read More

Morningstar Analysts Optimistic About Marketplace Lending ABS in 2019 Despite Some Uncertainties

With marketplace lending securitization volume on track to have one of its best years, analysts at Morningstar Credit Ratings expect the sector to continue growing in 2019 despite some headwinds in the economy and the regulatory landscape. Read More

GNMA Sees Digitized Mortgages as the Future, Aims to Become Leader in Tech and Innovation

Digital mortgage is the cornerstone of Ginnie Mae’s efforts to modernize its operating systems as it vies for industry leadership in technology and innovation, according to top agency executives. Read More

Kroll Cautiously Optimistic about Growth in ABS Next Year, Card Deals Expected to Surge

The fundamentals of non-mortgage ABS will remain relatively strong in 2019, with $249 billion in issuance compared with what’s expected to be a post-crisis high of $245 billion at the end of this year, according to a recent forecast by Kroll Bond Rating Agency. Read More

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