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    <title>Issuers</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>GSE-Eligible Securitization Rate Climbs in Third Quarter</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[The securitization rate for residential mortgages originated during the third quarter was near the same level seen in 2019. Meanwhile, the share of GSE-eligible mortgages that flowed into MBS increased.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236235</guid>
      <pubDate>Fri, 02 Jan 2026 10:07:20 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236235-gse-eligible-securitization-rate-climbs-in-third-quarter</link>
    </item>
    <item>
      <title>SEC Asked to Rescind Disclosures for Unsolicited Ratings</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[The request came from the CRE Finance Council, the Mortgage Bankers Association and the Securities Industry and Financial Markets Association. The groups said the disclosure requirements have negatively impacted the commercial MBS market.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/235956</guid>
      <pubDate>Thu, 20 Nov 2025 16:21:46 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/235956-sec-asked-to-rescind-disclosures-for-unsolicited-ratings</link>
    </item>
    <item>
      <title>ABS Players Consider Public Versus Private Issuance</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[SEC is looking to revise disclosure requirements to boost issuance of publicly-registered deals. Investors see some positives in private placements, which might not be easy to replicate in the public market.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/235777</guid>
      <pubDate>Thu, 30 Oct 2025 16:27:15 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/235777-abs-players-consider-benefits-of-public-securitizations</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>‘Pancake’ REMIC Structure Offered for Residential MBS</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[The structure helps issuers extend prefunding and investment periods beyond the 90-day limitation that applies to traditional real estate mortgage investment conduits.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/235350</guid>
      <pubDate>Thu, 18 Sep 2025 16:26:42 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/235350-pancake-remit-structure-offered-for-residential-mbs</link>
    </item>
    <item>
      <title>Grapevine: Ginnie President Nomination; UBS Settles</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Joe Gormley nominated for Ginnie president; UBS pays DOJ to end lingering non-agency MBS obligations from Credit Suisse; Chase marketing non-agency MBS with reperforming loans.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/235028</guid>
      <pubDate>Thu, 07 Aug 2025 16:23:30 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/235028-grapevine-gormley-nominated-for-ginnie-president-ubs-settles-with-doj</link>
    </item>
    <item>
      <title>PennyMac’s Shift to Non-Agency MBS Prompted by CRT Runoff</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[PennyMac Mortgage Investment Trust started issuing non-agency MBS in November as part of an effort to boost its investments in credit-sensitive assets. The REIT is now one of the most active players in the space.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234757</guid>
      <pubDate>Thu, 10 Jul 2025 16:43:01 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234757-pennymac-seeing-benefits-from-non-agency-effort</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>Grapevine: Fed Stays Course With MBS Holdings; Ginnie Mae Buydown Change</title>
      <description>
        <![CDATA[The Federal Reserve is allowing its MBS holdings to run off in a predictable manner; Ginnie provides more details on change to buydown policy; Cerberus affiliate issues securitization of closed-end second liens.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234353</guid>
      <pubDate>Thu, 22 May 2025 16:00:24 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234353-grapevine-fed-stays-course-with-mbs-holdings-ginnie-buydown-change</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>Grapevine: Prefunded HELOC ABS; CMBS Servicer Downgraded</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[First-of-its-kind HELOC ABS from Figure; Morningstar downgrades assessment of Torchlight Loan Services; ABS roundup.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234157</guid>
      <pubDate>Thu, 01 May 2025 15:38:29 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234157-grapevine-prefunded-heloc-securitization-cmbs-servicer-downgraded</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>Grapevine: Maryland Licensing Update; SFR Securitization Pulled</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[MBS exempt from Maryland licensing requirements after all; Progress Residential scraps planned single-family rental securitization; ICE offers anonymous requests-for-quote for MBS sales.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234087</guid>
      <pubDate>Thu, 24 Apr 2025 16:03:58 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234087-grapevine-maryland-licensing-exemption-sfr-securitization-pulled</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>Non-Agency MBS Issuance With Seasoned Loans Picks Up</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[An affiliate of Balbec Capital brought three deals in March alone with another set to begin marketing shortly. Goldman Sachs and Citi also issued non-agency MBS with reperforming loans.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/233921</guid>
      <pubDate>Thu, 03 Apr 2025 16:58:18 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/233921-non-agency-mbs-issuance-with-seasoned-loans-picks-up</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>Grapevine: Federal Reserve Adjusts Balance Sheet Runoff; Annaly Aggregating HELOCs
</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Fed reduces redemption cap for Treasury securities, allows agency MBS runoff to proceed; Annaly to issue securitization with HELOCs; non-agency MBS term financing transaction from PIMCO.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/233775</guid>
      <pubDate>Thu, 20 Mar 2025 16:43:42 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/233775-grapevine-fed-adjusts-balance-sheet-runoff-annaly-aggregating-helocs</link>
    </item>
    <item>
      <title>Santander Bank Enters Expanded-Credit MBS Market</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Santander Bank was the largest issuer of vehicle ABS in 2024. The bank’s non-agency MBS effort has the ability to commit $2.5 billion in capital.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/233710</guid>
      <pubDate>Thu, 13 Mar 2025 15:10:37 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/233710-santander-bank-enters-expanded-credit-mbs-market</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>Grapevine: DOJ Clarifies Data Rule; Momnt ABS on Watch</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[DOJ sees no issues for MBS, ABS from new rule restricting foreign access to Americans’ personal data; Momnt Technologies 2023 ABS issuance facing performance issues; Redwood rebrands prime residential mortgage aggregation unit to match MBS shelf.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/233136</guid>
      <pubDate>Thu, 09 Jan 2025 15:36:28 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/233136-grapevine-doj-clarifies-personal-data-rule-momnt-abs-on-watch</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>Grapevine: SEC Extends Relief on Reporting Rule; New CES Issuer</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[ABS receive no-action relief on Rule 15c2-11 reporting; Ellington Management Group to securitize closed-end second liens.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/232877</guid>
      <pubDate>Thu, 05 Dec 2024 15:48:04 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/232877-grapevine-relief-extended-on-sec-reporting-rule-new-ces-issuer</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>Grapevine: Variety of Non-Agency MBS; 30 Rock in CMBS</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Hodgepodge of non-agency MBS; new commercial MBS tied to Rockefeller Center; limit-order option for lenders looking to sell into TBA MBS; Moody’s downgrades MBS issued by IndyMac in 1997.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/232407</guid>
      <pubDate>Thu, 17 Oct 2024 15:20:12 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/232407-grapevine-variety-of-non-agency-mbs-cmbs-investors-get-30-rock</link>
    </item>
    <item>
      <title>Hurricanes Pose Hiccups for Non-Agency MBS Deals</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Non-agency MBS issuers typically ensure properties in the deal are damage free. That standard can be difficult to achieve if a hurricane strikes while the deal is still in the works.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/232329</guid>
      <pubDate>Thu, 10 Oct 2024 16:12:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/232329-non-agency-mbs-face-complications-from-hurricanes</link>
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