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Inside MBS & ABS

November 5, 2020

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Agency MBS Volume Streaks Higher on GSEs

Issuance of single-family agency MBS is on track to top $3 trillion this year, with Fannie and Freddie doing most of the heavy lifting. (Includes two data charts.) Read More

Nonbanks Mr. Cooper, NRZ Join the Ginnie Buyout Game

The acquisition of troubled mortgages out of Ginnie pools, with the intent of rehabbing them, was a practice dominated by commercial banks. But not anymore. Read More

Interest Shortfalls Posing Risks for Investors in Prime Non-Agency MBS

As borrowers in prime non-agency MBS transition out of forbearance plans, investors in the deals could experience reduced cashflows due to interest shortfalls.

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Demand for MSRs Rebounds After Agency Clarifications

Various announcements by Ginnie, FHFA and the GSEs helped investors in MSRs get more comfortable in recent months. Meanwhile, use of Ginnie’s PTAP financing option remains minimal. Read More

Fannie Mae Finds Some Erroneous MBS Prepayments

The enterprise said 544 loans from uniform MBS pools and 677 loans from mega/super pools were erroneously liquidated due to a servicer’s error. Investors in the securities have the option to pursue claims. Read More

A Ginnie President Waiting in the Wings? Uh, No

Now that we may have a new president (or maybe not), the jockeying has begun for the top posts at HUD, Ginnie Mae and elsewhere. Read More

Brookfield Turns to CMBS to Finance Hotel Portfolio Acquisition

The Toronto-based alternative asset manager is tapping the commercial MBS market to finance part of its acquisition of a hotel portfolio. Read More

Fannie Issues First MBS Backed by SOFR-Linked ARMs

While Fannie began accepting single-family SOFR-indexed ARMs in Au-gust, it stopped taking LIBOR-indexed mortgages at the end of September. By the end of the year, the enterprise will no longer issue LIBOR-linked MBS. Read More

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