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Inside MBS & ABS

May 27, 2021

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Banks Show More Interest in ABS, Favoring Auto Deals

Commercial banks boosted their ABS holdings during the first quarter, with much of the gain coming in paper backed by auto loans. TD Bank added $2.2 billion of auto deals to remain the top bank ABS investor. (Includes two data charts.) Read More

When’s the Last Time a Subprime REIT Went Public?

Not since the go-go days of the mid 2000s has a national subprime REIT pulled off an IPO. If Angel Oak’s offering goes well, might the floodgates open? Wall Street can only hope. Read More

FINRA (Again) Proposes New Variation Margin Rule

The new rule would cover the forward settlement exposure for the counterparties in TBA deals. Read More

CMBS Special Servicing Category Sees Huge Decline in April

The special servicing rate for loans backing commercial MBS declined for the seventh consecutive month in April, with the hard-hit lodging sector showing the most improvement. Read More

Citadel Founder Returns to Secondary Market Investing

Nonagency veteran Dan Perl is back in the hunt after a brief flirtation with retirement. He’s working on a nonprime conduit and a whole lot more. Read More

Former Wells’ Executive Named Freddie CEO

Michael DeVito comes out of retirement to take the helm at Freddie Mac next month. Read More

SFR Market Resilient During Pandemic

Demand has been booming for single-family rental properties over the past year. Amherst Residential saw an 85% year-over-year increase in applications for rental homes. Read More

Grapevine: An MBS Field to be Plowed: Investor Loans

As the FHFA cracks down on investor-loan volume, opportunities are being created anew. Also, FHFA, apparently, is losing sleep over GSE CMBS. (That’s correct.) Read More

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