B of A: Agency MBS issuances to decline by 16% in 2027
Persistently high mortgage rates will shrink securitization volume by dampening home sales and pushing more buyers toward all-cash purchases.
MBS
NAIC considers redefining mortgage loans
Some current residential mortgages could face higher capital charges, prompting a shift into securitization portfolios.
By
John Hintze
OBX’s latest non-prime transaction to raise $1 billion
More than 80% of the mortgage pool was originated utilizing alternative or non-traditional income documentation, KBRA said.
Chase’s latest prime RMBS pool will support $482.5 million in notes
Self-employed borrowers represent just 23.1% of the pool, and liquid reserves were $858,428 compared with 21.9% and $1 million.
Securitization standards evolve for mortgages, home equity
Certain private-label securities may get a lower risk weighting for bank capital and separately, second liens have new uniform guidelines for TRID.
Fannie Mae, Freddie Mac add new rate buydown disclosures
Fannie Mae and Freddie Mac will add loan-level buydown data to MBS this spring, giving investors clearer insight into prepayment risk tied to temporary rate incentives.
Canyon Partners inks deal helping A&D sell more mortgage bonds
Alternative asset manager Canyon Partners is committing $250 million to buy new mortgage bonds created by A&D Mortgage LLC, a partnership that will help the mortgage finance company substantially increase the pace of its bond sales.
Brookfield, Birch Hill snag Canadian mortgage firm in $2.1 billion deal
Brookfield Asset Management and a private equity partner reached a friendly deal to take over First National Financial Corp., a mortgage company backed by Canadian billionaire Stephen Smith, for about C$2.9 billion ($2.1 billion).
Brean ABS, 2025-RM11, raises $206.5 million from reverse mortgages
On a cumulative basis, advance rates on the notes range from 95.4% on the A1 notes to 121.8% on the class M5 notes.
Citigroup’s prime residential mortgages to support $323.6 million in MBS
The transaction's pool of 365 fixed-rate mortgages, all first lien, breaks down to mostly non-agency loans (61.4%). The rest, 38.6%, are agency eligible.
Hildene Capital in $5 million capital raise for Button Finance
The funding round will help Button Finance, which leverages AI to underwrite home equity financing, expand its range of products to more borrowers.
Mortgage bonds largely unscathed after Moody’s downgrade of US
Mortgage bonds supported by government-backed companies like Fannie Mae and Freddie Mac were trading slightly wider Monday morning after Moody's Ratings downgraded the US late last week.
Ellington Financial’s latest MBS raises $345.8 million from investment properties
A range of investment residential properties, including single-family homes, condominiums and multi-unit properties, will secure the debt.
JPMorgan’s non-prime mortgages raise $332.6 million
Moderate leverage is one example of cleaner credit, as the current collateral pool's original loan-to-value (LTV) ratio is 69.1%, down from 71.7% on the 2024-NQM1 series.
Vista Point Securitization raises $269.6 million on cash-out financings
Originators applied bank statement, full documentation and profit and loss documentation in their underwriting.
Goldman’s MBS shelf sells $440.3 million in notes
The deal is composed of 11,547 seasoned performing and reperforming loans that are first and second lien. Loan servicing includes a 180-day chargeoff feature.
EFMT shelf issues $290.1 million in MBS
Second-lien loans make up virtually the entire pool, which carries some risk of poor recovery rates. Yet 78% of the pool is also considered safe-harbor mortgages.
TCW and Threadneedle are eyeing complex mortgage bonds over CLOs
Now the structured mortgage securities are cheap enough that CLO investors are watching them more closely, according to strategists and investors.
MFA Financial brings $305.1 million in non-prime MBS to investors
Excess cash flow will pay timely interest and protect against realized losses in the rated certificates before being paid out to the class X notes.
Harvest Commercial Capital sells $264.5 million in CRE mortgages
Small-balance commercial mortgages, SBA 504 and investor loans, all first-lien, make up the collateral pool.
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