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Inside MBS & ABS

August 20, 2020

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Banks Add MBS in 2Q20 as Central Bank Purchases Slow

Banks and thrifts purchased a significant share of the net growth in agency MBS outstanding during the second quarter as Federal Reserve buying slowed. (Includes two data charts.) Read More

GSEs Defend New Fee, Say it Won’t Increase Refi Costs

In a joint statement, the CEOs of Fannie and Freddie said the new adverse market fee will not increase borrowers’ costs, it will only reduce their savings. Read More

MBS Trading Volume Heads North Again as Rates Fluctuate

As investors sift through the tea leaves of the bond market, the average daily trading volume in agency MBS increased 11% in July from the month prior. But where we go from here is anyone’s guess. Read More

After Committing to Buy Ellie Mae, ICE Taps Debt Market for $6.5B

The bull market in debt offerings by mortgage-related vendors continues. The latest participant: ICE, which is buying Ellie Mae for a stunning $11 billion. Read More

TALF Extended Until End of 2020, Program Usage Low

The Federal Reserve’s lending program is credited with helping the MBS and ABS sector even though investor demand is falling short of expectations. Read More

Fitch to Steer Clear of Rating Single-Borrower Hotel CMBS

The rating service its stepping away from rating new commercial MBS backed by single-borrower hotel loans due to uncertainty prompted by the coronavirus. Only one such deal has been issued since April. Read More

Tech-Driven Investor Prices First Consumer ABS

The underlying pool includes prime unsecured consumer loans from Lend-ingClub that were selected using machine learning. Read More

Fannie to Add New Fields to CRT Disclosures

The GSE, however, hasn’t issued any new credit-risk transfer transaction since March and has no plans to for the rest of the year. Meaning? Read More

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