Cart

Inside MBS & ABS

November 21, 2019

View Archived Issues

Banks & Thrifts Add to MBS Portfolios in 3Q19

Industry MBS holdings rose 3.6% to $1.98 trillion as of the end of September, with most of the gains coming in agency pass-throughs. Wells, Chase, BB&T and Citi all posted big gains, BofA not so much. (Includes two data charts.) Read More

Demand Galore for Non-QM MBS, For the Moment

The market for MBS with non-qualified mortgages is growing by leaps and bounds. However, there is some skepticism about whether there’s enough demand to support $50 billion in annual issuance. Read More

CEO of Nation’s Largest MBS-Investing REIT Departs

Kevin Keyes, CEO of Annaly Capital Management since September 2015, abruptly parted ways with his employer without much in the way of explanation. The REIT’s shares continue to trade in a tight price range. Read More

Non-Agency MBS Issuers Completing Relatively Large Deals

Deal volumes in the non-agency MBS market are elevated as issuers work to meet investor demand. Angel Oak, Chase and Invictus are bringing large deals and more issuance is in the pipeline. Read More

Chinese Asset Management Fintech Firm Plans U.S. IPO

Shenzhen-based OneConnect, which leverages blockchain technology to manage ABS assets, plans to raise $100 million via a U.S. listing. Read More

VA IRRRLs Curable, No Buyouts Needed: Industry Expert

An industry consultant suggests IRRRLs with recoupment issues can be cured by cash payments to the borrower or a reduction in principal. Read More

Regulators Look to Reaffirm Base Premise of Securitization

Two proposals look to reaffirm the “valid when made” doctrine, paving the way to settle legal risks facing the securitization industry. Read More

Goldman Settles GSE Bond-Rigging Case for $20M

The bank agreed to settle a lawsuit accusing it of rigging prices for GSE bonds, and using the wider spreads to inflate the bank’s profits. Read More

Former Deutsche Bank Executive Settles Subprime Lawsuit

The case is one of the rare instances in which an individual has been held accountable for actions taken during the subprime mortgage crisis. 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