February 2, 2024By James DohnertRecently Issued ECM MBS Facing Rising DelinquenciesLooser underwriting standards for loans in expanded-credit MBS issued in 2023 are leading to higher delinquency rates.
January 5, 2024By James DohnertNon-QM Delinquencies Jump in NovemberDelinquencies on non-qualified mortgages spiked in November, adding to a “worrying” trend, according to dv01.
February 24, 2023By Brandon IveyNon-QM MBS Behavior Swings with Interest RatesThe performance of expanded-credit MBS was attractive to investors until interest rates increased throughout 2022. Higher rates cut into excess interest and slowed build-up of credit enhancement levels on outstanding deals.