July 18, 2025 | Inside Mortgage Finance

Non-Agency MBS Issuance Rising on Growth in ECM

Expanded-credit MBS issuance was up 25.4% from the first to the second quarter, while prime MBS saw a solid 12.6% gain. JPMorgan Chase ranked as the top issuer and underwriter of non-agency MBS. (Includes three data sets.) Read More

Fed Governor Waller Hints at MBS Sales by Central Bank

Federal Reserve Governor Christopher Waller said the central bank’s balance sheet hasn’t grown as much as people think, but that MBS sales might be needed to balance the duration of assets and liabilities. Read More

VantageScore Move Raises Questions for MBS Investors

It may take time for MBS investors to fully understand how use of the new credit score for underwriting loans sold to the GSEs impacts pricing and hedge strategies. Read More

MBS Trades Hit Annual Low

If there’s any good news on the agency MBS front it’s that new issuance volume increased from the first quarter to the second. Then again, it was driven by seasonality. Read More

New Whole-Business ABS Stuffed With Sandwiches, Bundt Cakes

Jersey Mike’s has started marketing a $400.0 million whole-business securitization, while Nothing Bundt Cakes is prepping a $445.0 million deal. Read More

MMP Capital Brings Its First Medical Equipment ABS

The $213.3 million transaction has several credit strengths, including a manual review of all underwriting decisions, Moody’s Ratings said. Read More

Airlines Leaning on Loyalty ABS to Balance Liquidity

Airlines have been balancing liquidity constraints through securitizations of loyalty program future flows, which sometimes exceed the earnings of actual flight operations, according to a recent report from S&P Global Ratings. Read More

dv01 and Fitch Ratings Launch HELOC Data Platform

The dataset will provide investors and issuers access to performance metrics in the home equity line of credit market. Read More

Inside MBS & ABS

July 17, 2025

View Archived Issues

Non-Agency MBS Issuance Rising on Growth in ECM

Fed Governor Waller Hints at MBS Sales by Central Bank

VantageScore Move Raises Questions for MBS Investors

MBS Trades Hit Annual Low

New Whole-Business ABS Stuffed With Sandwiches, Bundt Cakes

MMP Capital Brings Its First Medical Equipment ABS

Airlines Leaning on Loyalty ABS to Balance Liquidity

dv01 and Fitch Ratings Launch HELOC Data Platform

Latest Imf News

Seasonal Slump Drives Down Originations in 1Q

Bids for Mortgage Servicing Rights Still Exceptionally Strong

UWM Proposes New Deal for Two Harbors

VantageScore 4.0 Unlikely to Have Major Impact on Agency MBS

Featured Data

Depository Servicers End Slide in Servicing Share

Bulk Agency MSR Sales Back to Normal in First Quarter

Cars, Data Centers Drive 1Q26 ABS Issuance Surge

Private MI Share Increases on GSE Purchase-Mortgage Business

Featured Reports

Mortgage Servicing Rights Report: 4Q25 (PDF)

2026 Mortgage Market Statistical Annual (PDF)

Agency Seller-Issuer Profile: 4Q25 (PDF)

Guide to Mortgage Lending to First-Time Homebuyers

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

July 17, 2025

Download Files:

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