Cart

Inside MBS & ABS

October 28, 2021

View Archived Issues

CLO Production Tapers in 3Q21, Pace Remains Robust

The biggest decline in CLO issuance came in refinance and restructuring transactions, where volume fell 26% from the second to the third quarter. Refi CLO activity still accounted for 47% of new issuance. (Includes two data charts.) Read More

Freddie Steps Up CRT Deals in 3Q21, Fannie Reenters

After the FHFA revealed its intent to reduce GSE capital requirements for CRT exposure, Fannie announced plans to get back in the market. (Includes data chart.) Read More

Nation’s Top Mortgage REITs Report 3Q Results: More Shrinkage

The leaders of the mortgage REIT world posted third-quarter results this week. Bottom line: Strong earnings and common shares that continue to pay a nice dividend. Read More

Moody’s Proposes Changes to Warehouse Securitizations

Moody’s is considering increasing credit enhancement requirements and capping ratings for mortgage warehouse lending securitizations that allow for “wet” loans. Read More

Investor Demand for Prime Non-Agency MBS Softens

Spreads on jumbo MBS widened in recent months as the supply of prime non-agency MBS surged. Redwood Trust opted for more whole-loan sales during the third quarter while JPMorgan Chase remained an active MBS issuer. Read More

Expansion of GSE Refi Options Unlikely to Cause Spike in Prepays

By raising the income limit for RefiNow and RefiPossible, FHFA has upped the pool of borrowers eligible for a refi by nearly a third. What that does to prepayment speeds depends on the uptake of the programs. Read More

Nonbanks, CRA and Trading Desks. Any Worries?

Federally insured depositories often source their CRA loans via nonbanks and an investment banking trading desk. But what if nonbanks must suddenly adhere to CRA standards of their own? Read More

Rating Services Project Strong Growth in Solar ABS

Fitch, S&P and KBRA weighed in recently on the growth potential in the residential solar loan-and-lease ABS category. 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