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    <title>Issuance</title>
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    <item>
      <title>ECM Drives Non-Agency MBS Issuance in Early 2026</title>
      <author>jbancroft@imfpubs.com</author>
      <description>
        <![CDATA[Non-agency MBS issuance hit its highest level since the third quarter of 2007, largely because of surging production of the new generation of Alt A and subprime deals. JPMorgan Chase was the top issuer and top underwriter in the first quarter. (Includes three data tables.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237211</guid>
      <pubDate>Thu, 16 Apr 2026 16:10:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237211-ecm-drives-non-agency-mbs-issuance-in-early-2026</link>
    </item>
    <item>
      <title>Investor Interest in HEL MBS Mirrors Early Days of Non-QM</title>
      <author>jdohnert@imfpubs.com</author>
      <description>
        <![CDATA[The rapid rise in investor interest for home equity loan securitizations has drawn parallels to the rise of non-QM MBS post the 2008 crisis.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237156</guid>
      <pubDate>Thu, 09 Apr 2026 16:22:15 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237156-investor-interest-in-hel-mbs-mirrors-early-days-of-non-agency-20</link>
    </item>
    <item>
      <title>Residential Mortgage Securitization Rate Steady in 2025</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Some 68.0% of mortgages originated in 2025 were sold into MBS. Securitization rates were stable across most products, except for expanded-credit mortgages, where the securitization rate increased sharply. (Includes data table.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237025</guid>
      <pubDate>Thu, 26 Mar 2026 16:59:14 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237025-residential-mortgage-securitization-rate-steady-in-2025</link>
    </item>
    <item>
      <title>Home Equity Loan Securitization Growth Levels Off</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Home equity investment deals propped up issuance of home equity loan securitizations in the fourth quarter. For the full year, HEL securitizations nearly doubled from 2024 levels. (Includes three data tables.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236794</guid>
      <pubDate>Thu, 26 Feb 2026 16:48:46 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236794-home-equity-loan-securitization-growth-levels-off</link>
    </item>
    <item>
      <title>Non-Agency MBS Demand Strong, Outlook Positive</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[Investors are showing strong demand for non-agency MBS, leaving leaders of issuers optimistic.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236719</guid>
      <pubDate>Thu, 19 Feb 2026 15:55:44 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236719-non-agency-mbs-market-sees-strong-demand-positive-outlook</link>
    </item>
    <item>
      <title>Investor Demand Leading to Larger HEI Deals</title>
      <author>jdohnert@imfpubs.com</author>
      <description>
        <![CDATA[Home equity investment securitization deal sizes increased with issuance in November and activity is expected to remain elevated in 2026 thanks to strong demand from investors.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236078</guid>
      <pubDate>Thu, 04 Dec 2025 16:29:06 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236078-hei-deal-sizes-are-growing-due-to-strong-demand</link>
    </item>
    <item>
      <title>HEL Securitization More Than Doubles in 3Q</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Closed-end second liens and home equity lines of credit flowed into securitizations during the third quarter of 2025 after a brief slowdown in the second quarter. Nine months into the year, issuance was up more than 70% on an annual basis. (Includes three data tables.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/235895</guid>
      <pubDate>Thu, 13 Nov 2025 16:20:31 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/235895-hel-securitization-more-than-doubles-in-3q</link>
    </item>
    <item>
      <title>Investor Demand Helping to Propel Non-Agency MBS</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Non-agency MBS issuance is up sharply this year and is expected to rise again in 2026. Delinquencies on the loans are increasing but investors are counting on cushions from home equity to help prevent losses.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/235765</guid>
      <pubDate>Thu, 30 Oct 2025 16:28:13 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/235765-investor-demand-helping-to-propel-non-agency-mbs</link>
    </item>
    <item>
      <title>Cars, Students and Businesses Push ABS to Record Issuance</title>
      <author>jbancroft@imfpubs.com</author>
      <description>
        <![CDATA[The securitization of vehicle loans and financing for a range of businesses powered an all-time record of $107.7 billion of ABS issuance during the third quarter. Carmakers dominated the issuer ranking. (Includes three data tables.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/235623</guid>
      <pubDate>Thu, 16 Oct 2025 17:35:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/235623-cars-students-and-businesses-push-abs-to-record-issuance</link>
    </item>
    <item>
      <title>New HEL Securitization Issuer; PIMCO Repackages HELOCs</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Santander Bank is issuing a securitization of closed-end second liens sourced from Pennymac. Also, an affiliate of PIMCO is offering a securitization of seasoned HELOCs.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/235630</guid>
      <pubDate>Thu, 16 Oct 2025 17:30:23 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/235630-new-hel-securitization-issuer-pimco-repackages-helocs</link>
    </item>
    <item>
      <title>Non-Agency MBS Issuers Open to Reg AB2 Reforms</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Revisions to disclosure requirements could prompt the issuance of publicly-registered non-agency MBS, which could eventually lead to additional demand from investors.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/235437</guid>
      <pubDate>Thu, 25 Sep 2025 16:20:50 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/235437-non-agency-mbs-issuers-open-to-reg-ab2-reforms</link>
    </item>
    <item>
      <title>SEC Looking to Boost Public Issuance of MBS, ABS</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[The Securities and Exchange Commission will be seeking feedback next month on ways to boost issuance of publicly-registered MBS and ABS.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/235257</guid>
      <pubDate>Thu, 04 Sep 2025 16:26:24 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/235257-sec-looking-to-boost-public-issuance-of-mbs-abs</link>
    </item>
    <item>
      <title>Non-Agency MBS Ratings Disconnected From Defaults</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Researchers tracked ratings and defaults on non-agency MBS between 2013 and 2022, finding that Morningstar’s ratings were more conservative than ratings from the big three firms. However, Morningstar’s ratings produced more “false alarms” about potential defaults than the big firms.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234751</guid>
      <pubDate>Thu, 10 Jul 2025 16:37:11 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234751-non-agency-mbs-ratings-disconnected-from-defaults</link>
    </item>
    <item>
      <title>FHFA Changes to CSS May Enable Public Utility Plans</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[Changes to Common Securitization Solutions, including being renamed U.S. Financial Technology, appear to set the company up to serve additional secondary mortgage market participants.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234654</guid>
      <pubDate>Thu, 26 Jun 2025 17:21:40 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234654-css-and-gse-reform</link>
    </item>
    <item>
      <title>PennyMac REIT Expanding Into Jumbo MBS Issuance</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[PennyMac Mortgage Investment Trust has been issuing about one prime non-agency MBS per month, stocking the deals with GSE-eligible mortgages for investment properties and second homes. Now the REIT is set to issue jumbo MBS.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234528</guid>
      <pubDate>Thu, 12 Jun 2025 16:43:12 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234528-pennymac-reit-expanding-into-jumbo-mbs-issuance</link>
    </item>
    <item>
      <title>Home Equity Securitization Rebounds in First Quarter</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Non-agency securitization of home equity loans resumed its rising trajectory after slumping in the fourth quarter of 2024. Rocket was the top issuer in the first quarter, focusing on closed-end second liens. (Includes two data tables.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234152</guid>
      <pubDate>Thu, 01 May 2025 15:43:20 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234152-home-equity-securitization-rebounds-in-first-quarter</link>
    </item>
    <item>
      <title>Chase Brings New Structure to Prime Non-Agency MBS</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[JPMorgan Chase is marketing a prime non-agency MBS with a payment structure typically only used with expanded-credit MBS. Fitch applauded the move.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234070</guid>
      <pubDate>Thu, 24 Apr 2025 16:06:35 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234070-chase-brings-new-structure-to-prime-non-agency-mbs</link>
    </item>
    <item>
      <title>Demand for Non-Agency Mortgages Softens Amid Volatility</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Few issuers tried to price non-agency MBS in the days following President Trump’s tariff announcement last week. An expanded-credit MBS from Annaly priced at the widest spreads seen in more than a year.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/233972</guid>
      <pubDate>Thu, 10 Apr 2025 16:38:22 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/233972-demand-for-non-agency-mortgages-softens-amid-volatility</link>
    </item>
    <item>
      <title>Low Servicing Fees Prompt Warnings on Non-Agency MBS</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[On some recently issued expanded-credit MBS, servicing fees have been as low as 5 basis points. S&P and some other rating services review deals applying assumptions for higher servicing fees.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/233839</guid>
      <pubDate>Thu, 27 Mar 2025 16:49:18 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/233839-low-servicing-fees-prompt-warnings-on-non-agency-mbs</link>
    </item>
    <item>
      <title>Figure Lands $200M Equity Investment From Sixth Street</title>
      <author>jdohnert@imfpubs.com</author>
      <description>
        <![CDATA[The investment in the Figure Connect loan marketplace will be used for the purchase of non-agency assets.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/233642</guid>
      <pubDate>Thu, 06 Mar 2025 16:04:07 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/233642-sixth-street-figure-team-for-jv</link>
    </item>
    <item>
      <title>Bayview Returns to Non-Agency MBS Market as Issuer</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[The MBS is stocked with investment-property mortgages eligible for sale to the GSEs. Bayview Asset Management last issued a non-agency MBS on its Oceanview shelf in October 2022.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/233321</guid>
      <pubDate>Thu, 30 Jan 2025 15:29:14 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/233321-bayview-returns-to-non-agency-mbs-market-as-issuer</link>
    </item>
    <item>
      <title>Securitized HELs Show Strong Performance</title>
      <author>jdohnert@imfpubs.com</author>
      <description>
        <![CDATA[While delinquencies are rising across most securitized asset classes, that’s not the case for home equity loans.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/233006</guid>
      <pubDate>Thu, 19 Dec 2024 17:03:02 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/233006-helocs-ces-loans-show-strong-performance-heading-into-2025</link>
    </item>
    <item>
      <title>Growth in Home Equity Loan Securitization Slows in 3Q</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Growth in securitizations of home equity loans slowed in the third quarter from an exponential pace earlier in the year. Still, issuance was up, with Rocket leading the way. (Includes two data tables.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/232875</guid>
      <pubDate>Thu, 05 Dec 2024 15:57:50 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/232875-growth-in-home-equity-loan-securitization-slows-in-3q</link>
    </item>
    <item>
      <title>Non-Agency MBS Issuers Test Market After Election</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[October was the busiest month of the year for non-agency MBS issuance. Activity has been limited thus far in November, though there are plenty of deals in the pipeline.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/232686</guid>
      <pubDate>Thu, 14 Nov 2024 17:30:56 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/232686-non-agency-mbs-issuers-test-market-after-election</link>
    </item>
    <item>
      <title>MBS and ABS Investors Largely Positive Amid Boom</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Attendance at the ABS East conference hit another record this week, with investors showing strong demand for structured finance products. Issuance is expected to remain elevated, helped by interest rate moves.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/232493</guid>
      <pubDate>Thu, 24 Oct 2024 16:19:25 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/232493-mbs-and-abs-investors-largely-positive-amid-boom</link>
    </item>
    <item>
      <title>Strong Appetite for Non-QMs, Both Whole Loans and MBS</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Issuance of MBS with non-qualified mortgages is growing even as insurance companies increase their purchases of non-QMs as whole loans. Investor demand for the products looks likely to remain strong.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/232476</guid>
      <pubDate>Thu, 24 Oct 2024 16:17:27 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/232476-investors-happy-with-non-qms-whole-loans-or-mbs</link>
    </item>
    <item>
      <title>Upswing in Scratch-and-Dent Securitizations</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[Issuance of non-agency MBS backed by scratch-and-dent mortgages to date this year has surpassed issuance through all of 2023.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/232353</guid>
      <pubDate>Thu, 10 Oct 2024 16:07:25 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/232353-upswing-in-scratch-and-dent-securitizations</link>
    </item>
    <item>
      <title>Chase Expects to Issue Prime Jumbo MBS Backed by ARMs</title>
      <author>jdohnert@imfpubs.com</author>
      <description>
        <![CDATA[JPMorgan Chase has begun marketing a rare prime jumbo MBS backed entirely by adjustable-rate mortgages.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/231849</guid>
      <pubDate>Thu, 15 Aug 2024 17:24:42 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/231849-chase-expects-to-issue-prime-jumbo-mbs-backed-by-arms</link>
    </item>
    <item>
      <title>Stable Forecast for Residential MBS; CMBS, Not So Much</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[Fitch Ratings sees relatively smooth sailing for residential MBS this year while times are tough in the CMBS market, and the worst could be yet to come.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/231516</guid>
      <pubDate>Thu, 11 Jul 2024 16:07:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/231516-stable-forecast-for-residential-mbs-cmbs-not-so-much</link>
    </item>
    <item>
      <title>GSE-Eligible Loans Flowing Into Non-Agency MBS</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Close to half of the prime non-agency MBS volume in the market since early May has been in GSE-eligible mortgages. Rocket Mortgage is the latest issuer with a GSE-eligible offering, including a number of loans with eNotes.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/231288</guid>
      <pubDate>Thu, 13 Jun 2024 17:20:50 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/231288-gse-eligible-loans-flowing-into-non-agency-mbs</link>
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