https://www.insidemortgagefinance.com/rss en-us jbancroft@imfpubs.com Fitch surged past Kroll to start 2026 as the top rating service in the non-agency MBS market. The company also extended its lead as the top ABS rating service. (Includes two data tables.) http://www.insidemortgagefinance.com/articles/237804 Thu, 25 Jun 2026 16:20:00 -0400 https://www.insidemortgagefinance.com/articles/237804-fitch-retains-lead-in-abs-ratings-moves-up-in-mbs jdohnert@imfpubs.com Investors see expanded-credit MBS as a safer bet than consumer ABS and CLO deals. http://www.insidemortgagefinance.com/articles/237835 Thu, 25 Jun 2026 16:18:49 -0400 https://www.insidemortgagefinance.com/articles/237835-non-qm-mbs-seen-as-alternative-to-more-volatile-securities bivey@imfpubs.com Sylvain Raynes, the new lead of the structured finance practice at Egan-Jones Ratings Company, warned that MBS and ABS investors are losing money if they’re relying on fairly static ratings from other firms. http://www.insidemortgagefinance.com/articles/237659 Thu, 04 Jun 2026 18:04:00 -0400 https://www.insidemortgagefinance.com/articles/237659-egan-jones-abs-rating-head-critical-of-ratings bivey@imfpubs.com The rating service last week finalized a methodology update that will allow it to rate securitizations of home equity loans. http://www.insidemortgagefinance.com/articles/237591 Thu, 28 May 2026 16:04:45 -0400 https://www.insidemortgagefinance.com/articles/237591-moodys-ready-to-rate-securitizations-of-home-equity-loans jdohnert@imfpubs.com Fitch placed a “deteriorating” outlook on the securitized second-lien market due to rising delinquencies. However, the rating service said that the sector is still performing within its base case expectations. http://www.insidemortgagefinance.com/articles/237413 Thu, 07 May 2026 16:27:54 -0400 https://www.insidemortgagefinance.com/articles/237413-dqs-on-second-lien-loans-rising-faster-than-expected bivey@imfpubs.com 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. http://www.insidemortgagefinance.com/articles/236983 Thu, 19 Mar 2026 17:03:05 -0400 https://www.insidemortgagefinance.com/articles/236983-grapevine-sec-proposal-on-rule-15c2-11-sfr-securitization-marketing azimmardi@imfpubs.com The overall levels of delinquencies, though, vary on a nominal and age-equivalent basis. http://www.insidemortgagefinance.com/articles/236761 Thu, 26 Feb 2026 16:42:57 -0500 https://www.insidemortgagefinance.com/articles/236761-rtl-securitizations-see-high-dqs-some-losses bivey@imfpubs.com Pending proposals from the Fed would impact MBS market; Moody’s looks to rate securitizations of home equity loans. http://www.insidemortgagefinance.com/articles/236713 Thu, 19 Feb 2026 15:49:56 -0500 https://www.insidemortgagefinance.com/articles/236713-grapevine-fed-plans-mortgage-proposals-moodys-eyes-second-liens jbancroft@imfpubs.com Fitch held on to the top ranking in ABS ratings through the first nine months of 2025. Kroll stretched its lead in RMBS ratings. http://www.insidemortgagefinance.com/articles/236241 Fri, 02 Jan 2026 10:10:16 -0500 https://www.insidemortgagefinance.com/articles/236241-s-and-p-tops-3q25-abs-rating-and-gains-ground-in-rmbs bivey@imfpubs.com 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. http://www.insidemortgagefinance.com/articles/235956 Thu, 20 Nov 2025 16:21:46 -0500 https://www.insidemortgagefinance.com/articles/235956-sec-asked-to-rescind-disclosures-for-unsolicited-ratings bivey@imfpubs.com KBRA downgrades jumbo MBS issued by JPMorgan Chase in 2015; Community Bank sells MBS holdings at a loss; Morningstar details private-rating share. http://www.insidemortgagefinance.com/articles/235258 Thu, 04 Sep 2025 16:10:46 -0400 https://www.insidemortgagefinance.com/articles/235258-grapevine-jumbo-mbs-downgraded-bank-takes-loss-on-mbs-sale bivey@imfpubs.com 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. http://www.insidemortgagefinance.com/articles/234751 Thu, 10 Jul 2025 16:37:11 -0400 https://www.insidemortgagefinance.com/articles/234751-non-agency-mbs-ratings-disconnected-from-defaults bivey@imfpubs.com Due diligence firms can use the review scope to assess seasoned residential mortgages, assigning positive grades for loans with 36 months of strong performance. http://www.insidemortgagefinance.com/articles/234526 Thu, 12 Jun 2025 16:47:08 -0400 https://www.insidemortgagefinance.com/articles/234526-sfa-crafts-standard-for-reviews-of-seasoned-mortgages bivey@imfpubs.com JPMorgan Chase is marketing a prime non-agency MBS with a payment structure typically only used with expanded-credit MBS. Fitch applauded the move. http://www.insidemortgagefinance.com/articles/234070 Thu, 24 Apr 2025 16:06:35 -0400 https://www.insidemortgagefinance.com/articles/234070-chase-brings-new-structure-to-prime-non-agency-mbs bivey@imfpubs.com 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. http://www.insidemortgagefinance.com/articles/233853 Thu, 27 Mar 2025 16:50:16 -0400 https://www.insidemortgagefinance.com/articles/233853-moodys-considers-revising-home-price-input-for-ratings bivey@imfpubs.com 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. http://www.insidemortgagefinance.com/articles/233839 Thu, 27 Mar 2025 16:49:18 -0400 https://www.insidemortgagefinance.com/articles/233839-low-servicing-fees-prompt-warnings-on-non-agency-mbs dhollier@imfpubs.com Rising mortgage delinquencies increase spreads on residential MBS, as expected, along with spreads on credit card, student loan and auto loan ABS. http://www.insidemortgagefinance.com/articles/233041 Thu, 02 Jan 2025 14:43:01 -0500 https://www.insidemortgagefinance.com/articles/233041-mortgage-delinquencies-and-the-broader-abs-market jbancroft@imfpubs.com 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.) http://www.insidemortgagefinance.com/articles/232920 Thu, 12 Dec 2024 15:55:14 -0500 https://www.insidemortgagefinance.com/articles/232920-abs-and-mbs-ratings-races-tighten-in-third-quarter bivey@imfpubs.com 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. http://www.insidemortgagefinance.com/articles/232407 Thu, 17 Oct 2024 15:20:12 -0400 https://www.insidemortgagefinance.com/articles/232407-grapevine-variety-of-non-agency-mbs-cmbs-investors-get-30-rock dhollier@imfpubs.com Issuance of non-agency MBS backed by scratch-and-dent mortgages to date this year has surpassed issuance through all of 2023. http://www.insidemortgagefinance.com/articles/232353 Thu, 10 Oct 2024 16:07:25 -0400 https://www.insidemortgagefinance.com/articles/232353-upswing-in-scratch-and-dent-securitizations bivey@imfpubs.com 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. http://www.insidemortgagefinance.com/articles/232344 Thu, 10 Oct 2024 16:00:02 -0400 https://www.insidemortgagefinance.com/articles/232344-grapevine-libor-transition-succeeds-downgrades-for-mbia-wrapped-mbs bivey@imfpubs.com Delinquencies are projected to increase across asset classes, though some sectors will be hit harder than others. http://www.insidemortgagefinance.com/articles/232280 Thu, 03 Oct 2024 16:28:37 -0400 https://www.insidemortgagefinance.com/articles/232280-cmbs-facing-most-pressure-in-mbs-and-abs-market bivey@imfpubs.com 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. http://www.insidemortgagefinance.com/articles/231905 Thu, 22 Aug 2024 16:53:47 -0400 https://www.insidemortgagefinance.com/articles/231905-naic-proposal-on-credit-rating-alteration-stalls bivey@imfpubs.com 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. http://www.insidemortgagefinance.com/articles/231657 Thu, 01 Aug 2024 17:08:12 -0400 https://www.insidemortgagefinance.com/articles/231657-fitch-sees-some-risks-in-crt-deals-from-banks dhollier@imfpubs.com 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. http://www.insidemortgagefinance.com/articles/231516 Thu, 11 Jul 2024 16:07:00 -0400 https://www.insidemortgagefinance.com/articles/231516-stable-forecast-for-residential-mbs-cmbs-not-so-much bivey@imfpubs.com 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. http://www.insidemortgagefinance.com/articles/231520 Thu, 11 Jul 2024 16:01:00 -0400 https://www.insidemortgagefinance.com/articles/231520-grapevine-cherry-hill-reit-looks-internally-new-master-servicer-ratings dhollier@imfpubs.com 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. http://www.insidemortgagefinance.com/articles/231355 Thu, 20 Jun 2024 17:25:57 -0400 https://www.insidemortgagefinance.com/articles/231355-flood-risk-and-non-agency-rmbs-performance bivey@imfpubs.com 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. http://www.insidemortgagefinance.com/articles/231240 Thu, 06 Jun 2024 16:58:22 -0400 https://www.insidemortgagefinance.com/articles/231240-banks-seeing-positive-ratings-treatment-for-crt jdohnert@imfpubs.com Low loan-to-value ratios and structural features are protecting investors in non-qualified mortgage MBS. http://www.insidemortgagefinance.com/articles/230836 Thu, 25 Apr 2024 16:42:25 -0400 https://www.insidemortgagefinance.com/articles/230836-non-qm-mbs-investors-remain-protected-from-losses dhollier@imfpubs.com loanDepot is preparing to issue a non-agency MBS stocked with scratch-and-dent mortgages. http://www.insidemortgagefinance.com/articles/230838 Thu, 25 Apr 2024 16:38:28 -0400 https://www.insidemortgagefinance.com/articles/230838-unsuccessful-gse-loans-packaged-in-non-agency-mbs