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Inside MBS & ABS

June 24, 2021

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Securitization Rate Cools Off as Originations Edge Higher

Can the rampage of nonbanks in the primary mortgage market drive securitization rates higher for jumbo mortgages? (Includes data chart.) Read More

Non-Agency Secondary Sales Up in 2020, Jumbo Declined

Jumbo mortgage originations were up in 2020 but most production remained on the lenders' books. Direct sales of conventional loans to non-agency securitizers also fell. (Includes data chart.) Read More

SCOTUS Ruling Upends Leadership at FHFA

The White House responded quickly to SCOTUS’ Wednesday ruling that the FHFA director can be fired at will. Within hours, Mark Calabria was shown the door and Sandra Thompson was appointed acting chief. Read More

Three Fast-Food Restaurants Bring Whole-Business ABS

A whole-business ABS from Wendy’s was upsized this week. Carl’s Jr./Hardee’s and Five Guys are also in the market with deals. Read More

Strong Demand Helping CLO Market Bounce Back

CLO issuance has gained speed with the macro environment looking good and interest rates rising. Note: While S&P was quick to downgrade deals during the pandemic, upgrades have been slower. Read More

A Rise in MBS Trading as the Fed Stays Hungry

Rates have been meandering of late but one data point is on the rise: MBS trading. Question: have “mREITs” peaked? Read More

Ecuadorian MBS Anyone? A $132.2M Deal is in the Works

The U.S. Development Finance Corp. is guaranteeing an offering of securities backed by Ecuadorian mortgage loans. Huh? Read More

Appeals Court Reinstates Cobalt Claim Against CWCI

The New York Supreme Court’s Appellate Division said the continuing nature of the alleged harm defeated the state’s six-year statute of limitations for breach of contract claims. Read More

Government Assistance has Bolstered ABS Performance

Fitch says payment relief and government assistance have been the main drivers for recovery in the ABS market. Read More

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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