Cart

Inside MBS & ABS

April 4, 2024

View Archived Issues

Robust ABS Issuance Offsets Sluggish MBS Production

The agency single-family MBS market is the main driver of structured finance issuance, but it recorded a decline in first-quarter production while ABS, commercial MBS and non-agency RMBS posted gains. (Includes three data tables.) Read More

Third Circuit Favors CFPB in Lawsuit Against ABS Trusts

The circuit court held that the ABS trusts are covered persons subject to the CFPB’s authority under the Dodd-Frank Act. The lawsuit could have a major impact on the broader securitization market, the Structured Finance Association warned. Read More

Moody’s Highlights Risks in CRT Deals With Auto Loans

CRT deals involving auto loans typically have a pro rata structure, which can create more risks for investors than the sequential pay structure in ABS transactions. Structures are also evolving, including a deal issued by a nonbank in partnership with a bank. Read More

Ellington Residential Drops REIT Status as It Turns Focus to CLOs

The Ellington Financial affiliate is ditching agency MBS to become a registered closed-end fund with a focus on CLO investments. Read More

Ginnie Modernizes Issuer Financial Submissions

Beginning May 13, Ginnie Mae will transition to a central application system for issuer submissions of required fidelity bond, errors and omissions insurance, and financial statements. Read More

Former Fed Officials Suggest Capital Changes for MBS

Two former members of the Fed’s board called for bank regulators to adjust capital requirements for MBS holdings to better account for interest rate risk. Read More

Go Mortgage Settles Suit With Former Executive

Ohio-based Go Mortgage and its former capital markets head Katie Chikonde reached a settlement through court-ordered mediation. Read More

A New Market for Subservicers: HEI Securitizations

Home equity shared investment products are gaining acceptance, so much so that contracts are finding their way into new securitizations. BSI hopes to be a top player as an asset manager and servicer. 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