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Inside MBS & ABS

February 8, 2019

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Agency MBS Production Fell Modestly in Early 2019

New production of single-family MBS started the new year on a downbeat, with combined issuance by Fannie Mae, Freddie Mac and Ginnie Mae slipping to $80.72 billion in January, ac-cording to a new Inside MBS & ABS ranking and analysis. [Includes two data charts.] Read More

Crapo Plan: Is Ginnie Mae Ready for Prime Time?

A new outline on housing-finance reform from Sen. Mike Crapo, R-ID, hands over management of the conventional mortgage market to Ginnie Mae, begging the question: Is Ginnie up to the task? Read More

Civil Rights Groups Not Too Thrilled with Crapo Draft

Several high-profile civil rights groups this week threw cold water on Sen. Mike Crapo’s plan to reform Fannie Mae and Freddie Mac, saying it would weaken regulation of the government-sponsored enterprises and increase the cost of homeownership. Read More

Redwood Trust Announces $78 Million Freddie Deal

In a bid to expand its access to rental housing credit, Redwood Trust last week announced plans to partner on a deal to acquire up to $1 billion in whole loans from Freddie Mac. Read More

Ginnie Approves Only 8 New Issuers in 2018; What Next?

Approval of new MBS issuers by Ginnie Mae fell drastically in 2018. Data provided by the agency showed that only eight out of 28 applications received last year were approved. In the year before, Ginnie approved 22 out of 31 applications. Read More

Sources: Elliott Eyeing Non-QM Securitizer Deephaven

Elliott Management Corp., considered one of the largest activist funds in the world, is eyeing non-qualified mortgage securitizer Deephaven Mortgage for a possible acquisition, sources familiar with the matter told Inside MBS & ABS. Read More

MBA Issues Primer for Smooth LIBOR Transition

The Mortgage Bankers Association has published a primer to help commercial and multifamily lenders in the impending transition away from the London Interbank Offered Rate to an alternative rate index. Read More

Marketplace Consumer Loan ABS Robust, says KBRA

Kroll Bond Rating Agency is optimistic about ABS backed by marketplace consumer loans in 2019, expecting relatively low credit risk. Read More

Securitization Grapevine

Hyundai; AGNC Mortgage Management... Read More

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