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    <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>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>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>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>Investors Seeing High Returns in Residual Pieces</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Residuals from securitizations can generate close to 20% in returns though the asset class carries significant risks. Nonbanks are showing a strong appetite for the asset, but there is limited liquidity.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/235550</guid>
      <pubDate>Thu, 09 Oct 2025 17:20:36 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/235550-investors-seeing-high-returns-in-residual-pieces</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>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>Members of Congress Press Powell on Securitization</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Reps. Ann Wagner, R-MO, and Brad Sherman, D-CA, raised concerns of the securitization industry with Federal Reserve Chair Jerome Powell. They aim to influence a proposal to implement changes to capital requirements for large banks.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/233910</guid>
      <pubDate>Thu, 03 Apr 2025 17:00:13 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/233910-members-of-congress-press-powell-on-securitization</link>
    </item>
    <item>
      <title>ABS Market Sees Strong Demand, Uncertainty</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Demand for MBS/ABS remains high, helped by interest rate trends. But President Trump is a wildcard, prompting some caution among investors.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/233574</guid>
      <pubDate>Thu, 27 Feb 2025 16:50:30 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/233574-abs-market-sees-strong-demand-uncertainty</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>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>
    </item>
    <item>
      <title>SEC Approves FINRA Proposal on MBS Reporting</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[FINRA received approval from the SEC to shorten reporting requirements for most trades of MBS and ABS from within 15 minutes to within one minute of a deal having transpired.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/232234</guid>
      <pubDate>Thu, 26 Sep 2024 16:31:21 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/232234-sec-approves-finra-proposal-on-mbs-reporting</link>
    </item>
    <item>
      <title>SFA Working on Issues in Residential MBS Market</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[SFA restarted its RMBS Symposium event this week, with an agenda driven by issues under consideration at committees and task forces within the association.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/232164</guid>
      <pubDate>Thu, 19 Sep 2024 16:24:58 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/232164-sfa-working-on-issues-in-residential-mbs-market</link>
    </item>
    <item>
      <title>NAIC Proposal on Credit Rating Alteration Stalls</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[A task force at the National Association of Insurance Commissioners recommended adoption of a proposal to alter credit ratings on investments at insurance companies. However, NAIC didn’t move forward with the proposal at a meeting last week.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/231905</guid>
      <pubDate>Thu, 22 Aug 2024 16:53:47 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/231905-naic-proposal-on-credit-rating-alteration-stalls</link>
    </item>
    <item>
      <title>Uncertainty on Fed Moves an Issue for Treasuries</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[Researchers show that an increase in uncertainty about the Fed’s balance sheet policy boosts the yield on long-term Treasuries and increases the duration of non-agency MBS.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/231767</guid>
      <pubDate>Thu, 08 Aug 2024 16:51:38 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/231767-balance-sheet-policy-and-the-market</link>
    </item>
    <item>
      <title>Government Has Options for Boosting Non-Agency MBS</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[The non-agency market could gain from a reduction in GSE loan limits, revision in capital requirements for banks and updated requirements for publicly registered securitizations.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/231590</guid>
      <pubDate>Thu, 18 Jul 2024 16:46:09 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/231590-government-has-options-for-boosting-non-agency-mbs</link>
    </item>
    <item>
      <title>Residential Mortgage Securitization Rate Falls in 1Q</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[The decline was driven by conventional-conforming mortgages and government-insured mortgages. The securitization rate for non-agency mortgages actually jumped in the first quarter. (Includes data table.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/231364</guid>
      <pubDate>Thu, 20 Jun 2024 17:38:44 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/231364-residential-mortgage-securitization-rate-falls-in-1q</link>
    </item>
    <item>
      <title>Flood Risk and Non-Agency MBS Performance</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[Lenders are compensating for climate change by requiring higher downpayments for properties in areas of higher flood risk and increasing subordination levels in securities with a higher concentration of mortgages in flood zones.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/231355</guid>
      <pubDate>Thu, 20 Jun 2024 17:25:57 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/231355-flood-risk-and-non-agency-rmbs-performance</link>
    </item>
    <item>
      <title>Investor Demand Strong for Non-Agency MBS</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Investors can’t seem to get enough non-agency MBS. Issuance is booming and demand is expected to remain elevated thanks to the outlook for interest rates, among other factors.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/231027</guid>
      <pubDate>Thu, 16 May 2024 16:49:53 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/231027-investors-push-up-demand-for-non-agency-mbs</link>
    </item>
    <item>
      <title>Rocket Says There’s No Need for GSEs in the HEL Space </title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Rocket’s originations and secondary market sales of home equity loans are flourishing without the GSEs. It’s also not yet clear how large of a role the GSEs would have in the market for closed-end second liens.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/230969</guid>
      <pubDate>Thu, 09 May 2024 16:12:29 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/230969-rocket-sees-no-need-for-gses-in-hel-space</link>
    </item>
    <item>
      <title>Grapevine: Ginnie MBS and Foreign Investors; Non-QM Moves</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Ginnie seeing strong demand from foreign investors; non-QM demand particularly strong in MBS market; McCargo lands at Federal Home Loan Bank of San Francisco; CMBS downgraded.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/230973</guid>
      <pubDate>Thu, 09 May 2024 16:04:39 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/230973-grapevine-ginnie-mbs-and-foreign-investors-non-qm-moves</link>
    </item>
    <item>
      <title>SEC Reviewing FINRA Rule on MBS Trade Reporting Timeframe</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[A proposal from FINRA to reduce the timeframe in which trades of MBS and ABS must be reported didn’t sit well with some industry participants, prompting the SEC to take a closer look at the proposal.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/230898</guid>
      <pubDate>Thu, 02 May 2024 16:55:17 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/230898-sec-reviews-finra-proposal-on-mba-abs-trading</link>
    </item>
    <item>
      <title>Secondary Market Investors Look to Non-Agency Loans</title>
      <author>jdohnert@imfpubs.com</author>
      <description>
        <![CDATA[Secondary market players are showing a growing interest in expanded-credit mortgages and jumbos.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/230884</guid>
      <pubDate>Thu, 02 May 2024 16:54:15 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/230884-investors-diversify-product-mix-in-uncertain-environment</link>
    </item>
    <item>
      <title>Regulators Consider Revisions for Capital Proposal</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Federal Reserve Governor Michelle Bowman highlighted issues in the proposed rule that impact MBS and ABS.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/230822</guid>
      <pubDate>Thu, 25 Apr 2024 16:45:24 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/230822-regulators-consider-revisions-for-capital-proposal</link>
    </item>
    <item>
      <title>Home Equity Securitization Shifts to Second Liens</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Securitization of home equity loans increased again in the first quarter, driven by closed-end second liens. Issuance is growing exponentially, helped by nonbanks and investor demand. (Includes two data tables.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/230760</guid>
      <pubDate>Thu, 18 Apr 2024 15:59:51 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/230760-home-equity-securitization-shifts-to-second-liens</link>
    </item>
    <item>
      <title>Driver of MBS Market Looks to Have Shifted Beyond Housing</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[The role of MBS in housing market bubbles is a sign that the financial sector now drives the real economy rather than the other way around.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/230710</guid>
      <pubDate>Thu, 11 Apr 2024 14:43:33 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/230710-does-demand-for-mbs-drive-housing-market</link>
    </item>
    <item>
      <title>Banks Looking to Nonbank Partners for Mortgages</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Banks are reducing their appetite for mortgages, providing opportunities for nonbanks to boost their investment in the mortgage market. Redwood Trust looks to be leading the way in terms of bank partnerships.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/230531</guid>
      <pubDate>Thu, 21 Mar 2024 16:18:27 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/230531-banks-looking-to-nonbank-partners-for-mortgages</link>
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