MBS, ABS Issuance

Browse articles from all of our Newsletters related to MBS, ABS Issuance.

December 14, 2018 - Inside MBS & ABS

Morningstar Analysts Optimistic About Marketplace Lending ABS in 2019 Despite Some Uncertainties

With marketplace lending securitization volume on track to have one of its best years, analysts at Morningstar Credit Ratings expect the sector to continue growing in 2019 despite some headwinds in the economy and the regulatory landscape.


December 14, 2018 - Inside MBS & ABS

Carrington Prepping Its First Non-QM MBS; Angel Oak Will be Active as Others Eye Entry Into the Market

With more lenders eyeing the non-qualified mortgage sector for entry in 2019, the deal volume for non-agency MBS could pick up significantly in the quarters ahead.


December 14, 2018 - Inside MBS & ABS

MBS and ABS Issuance at a Glance: December 14, 2018

MBS and ABS Issuance at a Glance


December 7, 2018 - Inside MBS & ABS

S&P Sees Strong Potential for Green CLOs, Outlines Hypothetical Rating Scenarios

S&P Global Ratings’ structured finance team sees strong growth potential for collateralized loan obligations backed by “green” assets, albeit with some challenges.


December 7, 2018 - Inside MBS & ABS

How to Shrink the GSE Footprint Without Having to Ask Congress to Do Anything

Speculation is rampant that the Trump administration will appoint a new director of the Federal Housing Finance Agency who will begin carving away chunks of the single-family mortgage business that Fannie Mae and Freddie Mac now finance in conservatorship.


December 7, 2018 - Inside MBS & ABS

Strength in Refi Market and Batch of Seasoned Loans Help Buoy Agency MBS Production in November

Issuance of single-family MBS by Fannie Mae, Freddie Mac and Ginnie Mae held steady in No-vember, according to a new Inside MBS & ABS analysis of securities disclosures. [Includes two data charts.]


December 7, 2018 - Inside MBS & ABS

MBS and ABS Issuance at a Glance: December 7, 2018

MBS and ABS Issuance at a Glance


November 30, 2018 - Inside MBS & ABS

MBS and ABS Issuance at a Glance: November 30, 2018

MBS and ABS Issuance at a Glance


November 23, 2018 - Inside The GSEs

GSE Purchase Market Lost Steam in October, Credit Eased in 3Q18

Single-family mortgage business slowed predictably at Fannie Mae and Freddie Mac last month, although there was surprising resilience in the refinance market. [Includes two data charts.]


November 23, 2018 - Inside MBS & ABS

Whole-Business Securitization Humming Along as Issuers and Investors Happy with Diversification

Whole-business securitization activity has been stable in recent years as issuers and investors see benefits from the funding option.


November 23, 2018 - Inside MBS & ABS

SIFMA Has Significant Concerns about Pending Uniform MBS Program That It Wants Addressed Before Launch

A lot of pieces have fallen into place for the scheduled June 2019 launch of the single security in the to-be-announced market, but one that hasn’t is a greenlight from the organization that sets TBA rules: the Securities Industry and Financial Markets Association.


November 23, 2018 - Inside MBS & ABS

MBS and ABS Issuance at a Glance: November 23, 2018

MBS and ABS Issuance at a Glance


November 16, 2018 - Inside FHA/VA Lending

GNMA’s Liquidity Concerns Prompt Demand for Contingency Plans

Increasingly worried about the financial condition of its largest nonbank issuers amid declining market conditions, Ginnie Mae in late October shot off a liquidity letter to 14 companies, asking them to develop contingency plans. The identity of the firms was not revealed to Inside FHA/VA Lending, but it’s no secret which companies rank among the top echelon of issuer/servicers. The five largest nonbank Ginnie MBS servicers as of Sept. 30 are PennyMac Financial Services, Lakeview Loan Servicing, Freedom Mortgage, Quicken Loans and Mr. Cooper. According to the letter, a copy of which was obtained by this publication, Ginnie wants the companies to develop strategies to right-size their operations. One of the agency’s goals is to lay the groundwork for financial stress tests that all issuer/servicers eventually must meet. Ginnie expects to sit down with the executive management teams of the ...


November 16, 2018 - Inside FHA/VA Lending

Ginnie Mae Continues to Tighten Issuer Standards, Accountability

This week, Ginnie Mae issued an all-participants memo dictating new standards for firms seeking to become issuers, including the stipulation that applicants submit to a corporate credit evaluation. Ginnie said the financial exercise will be “similar to those employed by credit rating agencies.” The evaluation will determine whether an applicant is qualified to be an issuer or whether additional criteria should be imposed even if the basic standards are met. Applicants that rely on a subservicer arrangement will be scrutinized even more. The bulletin also notes that, effective immediately, the agency is implementing new notification requirements for MBS issuers engaged in “certain subservicer advance or servicing income agreements, which do not require prior Ginnie Mae approval, but can impact an issuer’s ongoing liquidity position and financial obligations.” While Ginnie currently permits subservicers to advance ...


November 16, 2018 - Inside MBS & ABS

MBS and ABS Issuance at a Glance: November 16, 2018

MBS and ABS issuance and MBS market indicators at a glance.


November 8, 2018 - Inside MBS & ABS

Single-Security Transition is on Schedule, But Some Market Participants May Still Prefer One GSE Over the Other

Fannie Mae and Freddie Mac officials are confident that the single-security will launch successfully in the to-be-announced market next June, although some market participants at last week’s Residential Mortgage Finance Symposium in New York still have some jitters.


November 8, 2018 - Inside MBS & ABS

Agency Single-Family MBS Production Softened in October as Purchase Market Continued to Deflate

New issuance of single-family MBS by Fannie Mae, Freddie Mac and Ginnie Mae took a predictable downward turn in October as seasonal factors weighed on the U.S. housing market and refinance activity continued to sputter. (Includes two data charts.)


November 8, 2018 - Inside MBS & ABS

MBS and ABS Issuance at a Glance: November 9, 2018

A full page of issuance data and MBS market indicators.


Poll

With loan volumes declining, does your shop have plans to enter the non-QM lending market in 2019?

Yes, definitely. A solid move forward.

45%

Yes, but only incrementally.

16%

We’re pondering a move into non-QM, but haven’t made up our mind.

13%

No, definitely not. We view it has too risky.

26%