MBS, ABS Issuance

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

January 18, 2019 - Inside FHA/VA Lending

Bright’s Hasty Exit Leaves a Vacuum at Ginnie Mae

Ginnie Mae has reached the halfway mark of President Trump’s first term without a permanent leader and appears likely to remain so until after the 2020 presidential election. Last week, Michael Bright, President Trump’s nominee to head Ginnie Mae, abruptly announced his resignation after waiting for months to be confirmed. Bright, who was executive vice president and chief operating officer, served as acting president of the agency after former President Ted Tozer resigned at the end of the Obama administration. Senate rules require resubmission if a nominee is not confirmed within the year he or she was nominated. This means going through the Senate vetting and confirmation processes all over again. It appears Bright no longer wanted to do that, opting instead to join the Structured Finance Industry Group, which represents all segments of the securitization industry, as president. In a Jan. 9 resignation letter to ...


January 18, 2019 - Inside MBS & ABS

Shutdown Prompting Uncertainty for ABS Issuers

The partial federal government shutdown, now into its fourth week, is having an impact on ABS and MBS issuers that register deals with the Securities and Exchange Commission.


January 18, 2019 - Inside MBS & ABS

ABS Issuance Hit Post-Crisis High Despite Soft Landing

A total of $223.74 billion of new non-mortgage ABS came to market in 2018, the best annual showing since the financial crisis, according to a new ranking and analysis by Inside MBS & ABS.The market faltered in the fourth quarter, however, as ABS production slumped 14.9 percent to $45.05 billion. That was the lowest quarterly output since the end of 2016.


January 18, 2019 - Inside MBS & ABS

MBS and ABS Issuance at a Glance: January 18, 2019

MBS and ABS Issuance at a Glance


January 11, 2019 - Inside The GSEs

SIFMA Still Doubtful of Uniform MBS Rollout

The Securities Industry and Financial Markets Association held a meeting last month to discuss the rollout of the uniform mortgage-backed security.


January 11, 2019 - Inside The GSEs

GSE Market Shifts Toward Large Banks in Late 2018

Single-family mortgage business at Fannie Mae and Freddie Mac slumped in the fourth quarter of 2018 as purchase-mortgage activity faded, according to a new Inside The GSEs analysis of mortgage-backed securities disclosures. [Includes two data charts.]


January 11, 2019 - Inside MBS & ABS

Issuance of SFR Securities Expected to Decline in 2019

After hitting a peak in 2018, new issuance of single-family rental securities will likely decline this year, according to industry analysts.


January 11, 2019 - Inside MBS & ABS

Redwood Set to End a Lull in Prime Non-Agency MBS

Redwood Trust is set to issue the first prime non-agency MBS the market has seen in more than a month. Issuance has all but grounded to a halt after October, but industry analysts expect more volume to flow following the Redwood deal.


January 11, 2019 - Inside MBS & ABS

Non-Agency MBS Issuance Faded in Fourth Quarter

Production of new non-agency MBS fell sharply in the fourth quarter, ending a year that still set a post-crisis record for new issuance. [Includes three data charts.]


January 11, 2019 - Inside MBS & ABS

MBS and ABS Issuance at a Glance: January 11, 2019

MBS and ABS Issuance at a Glance


January 4, 2019 - Inside FHA/VA Lending

Ginnie MBS Issuance Down In 4Q Despite Refi Uptick

Ginnie Mae issuance of single-family mortgage-backed securities fell predictably in the fourth quarter, despite an unexpectedly strong market for refinance loans. [Includes four data charts.]


January 4, 2019 - Inside MBS & ABS

E.U. Rules for MBS Investors Could Impact U.S. Issuers

A new regulation set by the European Union for MBS and ABS issuance took effect at the start of the year. Though the rules don’t directly apply to U.S.-based deals, issuers here might have to comply if they want European investors to buy into their bonds.


January 4, 2019 - Inside MBS & ABS

Freddie Says Single-Family Rental Program Was a Hit

After having initially been brushed off as unnecessary, a pilot program that allowed Freddie Mac and Fannie Mae to help finance single-family rental activity is now being hailed a success.


January 4, 2019 - Inside MBS & ABS

Bonds Rally, Rates Fall; Transaction Tax Fears Rise

The new year has arrived and along with it a bond market rally that’s causing interest rates to fall, sparking hope that first-quarter mortgage originations and securitizations might turn out to be better than anticipated.


January 4, 2019 - Inside MBS & ABS

SIFMA Holds Meeting to Discuss the Future of UMBS

Late last month, the Securities Industry and Financial Markets Association held a meeting that could impact the future of the Federal Housing Finance Agency’s single security initiative.


January 4, 2019 - Inside MBS & ABS

MBS/ABS Market Ends Year with Lackluster Production

New mortgage- and asset-backed securitiza-tion production totaled $1.504 trillion in 2018, the lowest annual output in five years, an exclusive new analysis by Inside MBS & ABS reveals. [Includes three data charts.]


January 4, 2019 - Inside MBS & ABS

MBS and ABS Issuance at a Glance: January 4, 2019

MBS and ABS Issuance at a Glance


January 3, 2019 - Inside Mortgage Finance

GSE Single-Family MBS Business Declined Sharply in 4Q18

Seasonal factors slowed production of Fannie Mae and Freddie Mac MBS during the fourth quarter, although the refi sector showed some resilience in cash-out transactions. [Includes three data charts.]


December 20, 2018 - Inside MBS & ABS

Commercial MBS to Gain as Holiday Shoppers Flock to Brick-and-Mortar Stores, Says DBRS

With many consumers shopping at brick-and-mortar stores this holiday season, mortgages on department stores and shopping malls that are included in commercial MBS will likely see good performance in the end of 2018, said DBRS. [Includes one data chart.]


December 20, 2018 - Inside MBS & ABS

PIMCO Rumored to be Planning a Multi-Billion Dollar Securitization of Whole Loans

Over the past two weeks, the whole-loan market has been rife with rumors that bond giant PIMCO is working on a massive securitization deal. And as usual, the company is tight-lipped about its plans.


December 20, 2018 - Inside MBS & ABS

Securitization Rates Nudge Higher in 3Q18 as MBS Issuance Catches Up with Primary Market

Residential mortgage securitization rates edged higher in the third quarter of 2018 but remained below the peak levels set in the aftermath of the financial crisis. [Includes one data chart.]


December 20, 2018 - Inside MBS & ABS

MBS and ABS Issuance at a Glance: December 21, 2018

MBS and ABS Issuance at a Glance


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


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