IMFnews

March 31, 2017

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And the Biggest Foreign Investor in U.S. MBS/ABS is: Taiwan (Yes, Taiwan)

China still ranked second in agency MBS investment, but Japan’s larger portfolio of non-agency MBS and ABS boosted it to second place overall. Read More

Walter Investment’s Chief Legal Officer Jonathan Pedersen Resigns

No reason was given by Walter Investment for the resignation. Read More

GSEs Hit Their Risk-Transfer Targets for 2016. Almost $18 Billion in Risk Covered by Others

The FHFA has been gathering feedback on front-end transactions and will take that into account when considering the structure of future CRTs… Read More

Shelter Growth Issues its Second Nonprime MBS

The mortgages backing the new nonprime MBS from Shelter Growth have a weighted-average interest rate of 6.11 percent. Read More

What We’re Hearing: Uncle Sam’s Cash Cow: Mortgages / Time to Kill the GSE CRT Deals? / Should a Conservator Conserve? / A Large Earnings Decline for Ginnie Mae / Bank of America Gets Slapped with a Huge Penalty – and a Kafka Analogy as Well

But isn’t the job of a conservator to preserve assets? If CRT deals are bad financially for Fannie and Freddie, isn’t it time to pull the plug on them?... Read More