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    <item>
      <title>Grapevine: SEC Rule 15c2-11 Proposal; SFR Securitization</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[SEC proposes to exempt MBS, ABS from Rule 15c2-11; Amherst offering single-family rental securitization; Morningstar offers “bring your own loan” rating analysis; subprime MBS from 1999 downgraded.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236983</guid>
      <pubDate>Thu, 19 Mar 2026 17:03:05 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236983-grapevine-sec-proposal-on-rule-15c2-11-sfr-securitization-marketing</link>
    </item>
    <item>
      <title>RTL Securitizations See High Delinquencies, Some Losses</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[The overall levels of delinquencies, though, vary on a nominal and age-equivalent basis.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236761</guid>
      <pubDate>Thu, 26 Feb 2026 16:42:57 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236761-rtl-securitizations-see-high-dqs-some-losses</link>
    </item>
    <item>
      <title>Grapevine: Fed Plans Capital Relief; Moody’s Eyes Second Liens</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Pending proposals from the Fed would impact MBS market; Moody’s looks to rate securitizations of home equity loans.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236713</guid>
      <pubDate>Thu, 19 Feb 2026 15:49:56 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236713-grapevine-fed-plans-mortgage-proposals-moodys-eyes-second-liens</link>
    </item>
    <item>
      <title>S&amp;P Tops 3Q25 ABS Rating and Gains Ground in RMBS</title>
      <author>jbancroft@imfpubs.com</author>
      <description>
        <![CDATA[Fitch held on to the top ranking in ABS ratings through the first nine months of 2025. Kroll stretched its lead in RMBS ratings.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236241</guid>
      <pubDate>Fri, 02 Jan 2026 10:10:16 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236241-s-and-p-tops-3q25-abs-rating-and-gains-ground-in-rmbs</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>Grapevine: Jumbo MBS Downgraded; Loss on MBS Sale</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[KBRA downgrades jumbo MBS issued by JPMorgan Chase in 2015; Community Bank sells MBS holdings at a loss; Morningstar details private-rating share.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/235258</guid>
      <pubDate>Thu, 04 Sep 2025 16:10:46 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/235258-grapevine-jumbo-mbs-downgraded-bank-takes-loss-on-mbs-sale</link>
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    <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>SFA Crafts Standard for Reviews of Seasoned Mortgages</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Due diligence firms can use the review scope to assess seasoned residential mortgages, assigning positive grades for loans with 36 months of strong performance.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234526</guid>
      <pubDate>Thu, 12 Jun 2025 16:47:08 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234526-sfa-crafts-standard-for-reviews-of-seasoned-mortgages</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>Moody’s Considers Revising Home-Price Input for Ratings</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Moody’s proposed using two home-price forecasts when assessing loans in residential MBS. Currently, the rating service uses one fairly conservative forecast for home prices.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/233853</guid>
      <pubDate>Thu, 27 Mar 2025 16:50:16 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/233853-moodys-considers-revising-home-price-input-for-ratings</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>Interplay Between MBS Delinquencies and ABS 
</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[Rising mortgage delinquencies increase spreads on residential MBS, as expected, along with spreads on credit card, student loan and auto loan ABS.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/233041</guid>
      <pubDate>Thu, 02 Jan 2025 14:43:01 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/233041-mortgage-delinquencies-and-the-broader-abs-market</link>
    </item>
    <item>
      <title>ABS and MBS Ratings Races Tighten in Third Quarter</title>
      <author>jbancroft@imfpubs.com</author>
      <description>
        <![CDATA[S&P remained the top provider of ABS ratings at the nine-month mark despite a 24% drop in the third quarter, while Fitch held its lead rating residential MBS. (Includes two data tables.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/232920</guid>
      <pubDate>Thu, 12 Dec 2024 15:55:14 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/232920-abs-and-mbs-ratings-races-tighten-in-third-quarter</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>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>Grapevine: LIBOR Transition; Downgrades for MBIA MBS</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Deals rated by Moody’s successfully navigated the end of LIBOR reporting; vintage MBS wrapped by MBIA downgraded; GSEs, Ginnie increase MBS disclosures; ICE offers emissions estimates for MBS; new TBA trading app from South Street Securities.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/232344</guid>
      <pubDate>Thu, 10 Oct 2024 16:00:02 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/232344-grapevine-libor-transition-succeeds-downgrades-for-mbia-wrapped-mbs</link>
    </item>
    <item>
      <title>CMBS Facing Most Pressure in MBS and ABS Market</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Delinquencies are projected to increase across asset classes, though some sectors will be hit harder than others.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/232280</guid>
      <pubDate>Thu, 03 Oct 2024 16:28:37 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/232280-cmbs-facing-most-pressure-in-mbs-and-abs-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>Fitch Sees Some Risks in CRT Deals From Banks</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Fitch generally views the deals as “credit neutral” for bank ratings, though there are some instances where CRT usage could put a bank’s ratings at risk for downgrade.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/231657</guid>
      <pubDate>Thu, 01 Aug 2024 17:08:12 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/231657-fitch-sees-some-risks-in-crt-deals-from-banks</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>Grapevine: Cherry Hill Looks Internal; VantageScore Data</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Cherry Hill plans to drop its external manager, consider additional strategic options; FHFA publishes historical VantageScore data; Computershare, NewRez receive master servicer ratings; commercial MBS from Morgan Stanley downgraded.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/231520</guid>
      <pubDate>Thu, 11 Jul 2024 16:01:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/231520-grapevine-cherry-hill-reit-looks-internally-new-master-servicer-ratings</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>Banks Seeing Positive Ratings Treatment for CRT</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Fitch is allowing ratings for certain CRT issuance from banks to be higher than the rating on the issuer. The deals need various features to receive higher ratings.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/231240</guid>
      <pubDate>Thu, 06 Jun 2024 16:58:22 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/231240-banks-seeing-positive-ratings-treatment-for-crt</link>
    </item>
    <item>
      <title>Losses on Non-QM MBS Limited Despite Delinquencies</title>
      <author>jdohnert@imfpubs.com</author>
      <description>
        <![CDATA[Low loan-to-value ratios and structural features are protecting investors in non-qualified mortgage MBS.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/230836</guid>
      <pubDate>Thu, 25 Apr 2024 16:42:25 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/230836-non-qm-mbs-investors-remain-protected-from-losses</link>
    </item>
    <item>
      <title>Unsuccessful GSE Loans Packaged in Non-Agency MBS</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[loanDepot is preparing to issue a non-agency MBS stocked with scratch-and-dent mortgages.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/230838</guid>
      <pubDate>Thu, 25 Apr 2024 16:38:28 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/230838-unsuccessful-gse-loans-packaged-in-non-agency-mbs</link>
    </item>
    <item>
      <title>Banks, Investors Showing Strong Interest in CRT Issuance</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Regulators are pushing higher capital requirements on banks and looking favorably at credit-risk transfer transactions, helping to increase CRT issuance. Investor demand for bank CRT is also outstripping supply.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/230399</guid>
      <pubDate>Thu, 07 Mar 2024 16:51:53 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/230399-banks-investors-showing-strong-interest-in-crt-issuance</link>
    </item>
    <item>
      <title>Toorak Markets First Rated RTL Securitization</title>
      <author>jdohnert@imfpubs.com</author>
      <description>
        <![CDATA[Morningstar DBRS assigned a preliminary A rating to the deal that includes 370 short-term loans with a principal balance of $158.4 million.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/230259</guid>
      <pubDate>Thu, 22 Feb 2024 16:20:55 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/230259-toorak-markets-first-rated-rtl-securitization</link>
    </item>
    <item>
      <title>SFA Seeks Certainty From Insurance Regulatory Body</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[The National Association of Insurance Commissioners is working to establish a process that would allow the regulator to alter the ratings assigned to certain MBS and ABS held by insurance companies.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/230148</guid>
      <pubDate>Thu, 08 Feb 2024 14:48:00 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/230148-sfa-seeks-certainty-from-insurance-regulatory-body</link>
    </item>
    <item>
      <title>Standardization Needed to Boost Demand for CDFI Loans</title>
      <author>jdohnert@imfpubs.com</author>
      <description>
        <![CDATA[A New York Federal Reserve study found that the secondary market loan sales could help boost capital at CDFI-approved lenders.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/230065</guid>
      <pubDate>Thu, 01 Feb 2024 16:50:59 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/230065-standardization-needed-to-boost-cdfi-loan-interest-on-the-secondary-market</link>
    </item>
    <item>
      <title>Grapevine: Fed Won’t Slow Asset Sales; SFA Close on New Data Tape</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Fed stays course on MBS sales; SFA close to revising data tape for prime non-agency MBS; MBS on watch for rating upgrades by Fitch; subprime auto ABS impairments rise; commercial MBS delinquencies decline; Fannie sees tighter spreads for latest CRT; Morningstar not ready to give positive commercial MBS credit for “mass timber” construction.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/230082</guid>
      <pubDate>Thu, 01 Feb 2024 16:48:03 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/230082-grapevine-fed-wont-slow-asset-sales-sfa-close-on-new-data-tape</link>
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