November 8, 2024 | Inside Mortgage Finance

Refinance Loans Surge in October Agency Market

Rate-term refinances fueled most of the increase in agency single-family MBS issuance last month, but the wave may already be running out of propulsion. (Includes two data tables.) Read More

Valverde Outlines Ginnie Plans for Loan-Level MSR Transfers

Ginnie Mae is considering allowing issuers to sell mortgage servicing rights at a sub-pool level. Read More

Ginnie Details Capital Relief Tied to MSR Hedging

Issuers that show strong results from MSR hedging will receive relief from pending capital requirements. The Community Home Lenders of America said the relief will reduce risks to issuers and Ginnie. Read More

Non-QM Packages on Offer Near Year-End

Plenty of non-QMs are for sale as the year draws to a close, including a $211 million package of mortgages with an average yield of 8.024%. Read More

Unrated RTL Securitizations Pick Up Pace

Two new unrated RTL securitizations were issued in the past couple of weeks despite growing investor interest in rated deals. Read More

Agency MBS Investors Paying Up for Manufactured Housing Loans

Manufactured housing loans remain a tiny fraction of GSE acquisitions, but that share has nearly doubled since 2019 and plays an important role in spec pooling. Read More

DoubleLine Sees Data Center ABS as Good Investment

Demand for data centers is rapidly increasing but supply is constrained. This environment presents a great opportunity for ABS investors, according to DoubleLine. Read More

TGI Fridays’ Troubles Impacting Whole-Business ABS

S&P downgraded its ratings of a whole-business securitization from TGI Fridays, noting that cash flows are plummeting and the deal looks likely to default by early 2025. Read More

Margin Calls, Mortgage REITs and the Fed

Researchers link fire sales by REITs at the beginning of the pandemic to sales by other financial institutions. Read More

Inside MBS & ABS

November 7, 2024

View Archived Issues

Refinance Loans Surge in October Agency Market

Valverde Outlines Ginnie Plans for Loan-Level MSR Transfers

Ginnie Details Capital Relief Tied to MSR Hedging

Non-QM Packages on Offer Near Year-End

Unrated RTL Securitizations Pick Up Pace

Agency MBS Investors Paying Up for Manufactured Housing Loans

DoubleLine Sees Data Center ABS as Good Investment

TGI Fridays’ Troubles Impacting Whole-Business ABS

Margin Calls, Mortgage REITs and the Fed

Latest Imf News

GSE Deliveries by Top Players Decline in November

Fed’s Rate Cut Not Expected to Help Mortgages Much

GSEs Update Guidelines Tied to Fraud

SG Capital Partners Returns as Expanded-Credit MBS Issuer

Featured Data

Refis Lift Agency MBS to Three-Year High in November

Broker Channel Regains Some Share in Third Quarter

Nonbanks Post Small Drop in Mortgage-Banking Income

Bank MSR Portfolios Shrink Slightly, Valuation Strong

Featured Reports

Lender Profiles 2Q25: Top 25 (PDF)

GSE Repurchase Activity: Cumulative to Second Quarter 2025 (PDF Format)

Mortgage Profitability Report 2Q25 (PDF)

IMF HMDA Dashboard: 2024

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?

Inside MBS & ABS

November 7, 2024

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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?