MBS Issuance Up at Ginnie Mae
As the Government National Mortgage Association's book of business continued to grow, a month-over-month increase in issuance was recorded.
RMBS Issuance Likely to Climb Despite Rising Rates
Although an expected increase in interest rates is likely to put a dent in annual mortgage originations, issuance of residential mortgage-backed securities is still expected to rise.
Ginnie Tackling VA Churning by Some Lenders
Under pressure from a prominent lawmaker, the Government National Mortgage Association is taking action to address the churning of home loans to veterans.
Trader Sued Over Decade-Old Subprime RMBS
The former chief of subprime trading at Deutsche Bank has been sued by the government for allegedly misleading investors about the quality of subprime residential mortgage-backed securities.
Non-QM Loans Pay Well, Though Higher Prepayments
The origination and securitization of loans that don't meet Qualified Mortgage requirements has been expanding, and performance is strong. But higher rates are leading to higher prepayments.
Agency MBS Issuance Highest in 7 Months
With the Federal National Mortgage Association leading the way, agency mortgage securitizations climbed to the highest level in seven months.
CMBS Delinquency Sinks, Industrial Leads Drop
Past due payments on securitized commercial real estate loans turned lower as the wall of maturities subsided. The improvement was led by industrial loans.
Fannie's Delinquency Drops to New Post-Crisis Low
Again, serious delinquency at the Federal National Mortgage Association has fallen to the lowest level in the past decade. New business maintained.
CMBS Delinquency Down 2nd Consecutive Month
For the second month in a row, the performance of securitized commercial real estate loans improved. Industrial loans led the decline in late payments.
Freddie's Book Up, Delinquency Holds Near 10-Yr Low
As the Federal Home Loan Mortgage Corp. continued to increase the size of its book of business, the late-payment rate remained at a nearly 10-year low. New business slowed.