Cart

Inside MBS & ABS

February 1, 2024

View Archived Issues

Feeble Fourth Quarter Sends CMBS Issuance to 11-Year Low

Securitization of retail-property loans and hotel mortgages saw volume gains in the fourth quarter, but non-agency CMBS issuance was down 46.3% in 2023. Agency multifamily MBS held up slightly better, recording a 38.0% decline from 2022. (Includes two data tables.) Read More

REITs Benefit From Turnaround in MBS Values

What goes down must go up again? That seems to be the story of the fourth quarter’s revival in agency MBS values. Declining mortgage rates gave agency securities holders a shot in the arm. Read More

GSE CRT Issuance Continues to Fall

Despite an uptick in GSE CRT issuance in the fourth quarter, 2023 volume remained well below the level seen in 2022. (Includes data table.) Read More

MBS Investors Face Challenges from Rising Cost of Hazard Insurance

New metrics are required to quantify the risk of climate change and rising hazard insurance costs on collateral in MBS. Read More

Fed Tweaks Rate Structure of Bank Term Funding Program

The Fed launched the Bank Term Funding Program amid the regional bank crisis in 2023 to help avoid fire sales of MBS and other assets. The program is set to end in March as scheduled. Read More

Standardization Needed to Boost Demand for CDFI Loans

A New York Federal Reserve study found that the secondary market loan sales could help boost capital at CDFI-approved lenders. Read More

Ginnie Gathers HFAs at Summit Roundtable

Panel discussions at the summit covered Ginnie’s digital collateral, social impact investing and manufactured housing, among other topics. Read More

Grapevine: Fed Won’t Slow Asset Sales; SFA Close on New Data Tape

Fed stays course on MBS sales; SFA close to revising data tape for prime non-agency MBS; MBS on watch for rating upgrades by Fitch; subprime auto ABS impairments rise; commercial MBS delinquencies decline; Fannie sees tighter spreads for latest CRT; Morningstar not ready to give positive commercial MBS credit for “mass timber” construction. 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