Cart

Inside MBS & ABS

July 23, 2020

View Archived Issues

Auto Finance Drives Away in Slumping 2Q20 ABS Market

Although ABS issuance backed by auto finance fell 26% from the first to the second quarter, the sector still accounted for nearly 57% of non-mortgage securitization in the first half of 2020. (Includes two data charts.) Read More

Inside Auto ABS: Loan Extensions on the Decline

Extensions on loans in auto securitization deals declined in May after peaking in April. The outlook on loan performance is uncertain. Read More

Fed’s MBS Buying Continues but at a Slower Pace

The New York Federal Reserve purchased $9.81 billion in agency MBS on Monday and Tuesday, in addition to $22.89 billion bought last week. It’s been nearly three weeks since it sold any of its MBS holdings. Read More

Should the Fed Create a Liquidity Facility for MBS?

Former Ginnie President and current PennyMac Director Ted Tozer thinks so. Read More

Two Harbors’ Bid to Cut Ties with PRCM Lands in Court

The REIT’s plan to terminate its management agreement with PRCM “for cause” would let it off the hook from paying a $144 million termination fee. But PRCM isn’t going down without a fight. Read More

Blackstone to Close CMBS Fund as Asset Values Fall

The net asset value of the Blackstone Real Estate Income Fund dropped by 24% to $443 million as of March 31 from $584 million at the beginning of the year. Read More

LendingTree Sells Five-Year Paper on the Cheap

With rates at rock bottom, LendingTree is selling $500 million worth of short-term corporate paper. Not bad for a loan broker. Read More

LIBOR a Poor Benchmark for Unsecured Loans: The Fed

By examining how well LIBOR has correlated over time with actual bank funding costs, Federal Reserve economists have demonstrated the London rate is no better at this task than risk-free rates like SOFR. Read More

Grapevine: Originations and Securitizations; Non-QM Potential?

Look for originations and securitizations to thrive the rest of the year. As for 2021, the non-QM market could be strong. 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