Ginnie Mae, stalwart of mortgage market, squeezed by DOGE
Lenders and developers are now working their contacts in Washington to try to protect Ginnie Mae.
MBS
Mortgage rates in US. inch down, keeping 30-year loans below 7%
Stability in mortgage rates may be key to unlocking pent-up demand during the upcoming spring homebuying season, but with loans still expensive and prices continuing to rise, affordability remains a hurdle.
New type of Ginnie Mae MBS proposed by mortgage bankers
The proposal is one of several that aims to address difficulties managing early buyouts from mortgage-backed securities pools.
How Trump’s win impacts the 2025 RMBS outlook
Private-label securitization volume increased 75% this year versus 2023; conditions are right for that to continue, KBRA said.
RocMortgage Trust floats $200 million RTL
This is the first RTL transaction for Roc360 Real Estate Income Trust, the deal's sponsor, in three years. Also, it is Roc360's first rated RTL transaction.
Verus Securitization issues $669.9 million in MBS
In the non-prime pool, owner-occupied properties account for most of the assets, at 55.1%; the amount of investor properties represents 41.6% of the deal.
Summers sees Fed rate projections upended, higher mortgage rates
Fed policymakers, in their new projections for their benchmark rate, have a median estimate of 3.4% for the end of next year — reflecting a potential further 1.5 percentage points.
Home equity agreements secure $205.7 million in MBS through Unlock HEA Trust
A trigger occurs if the reserve fund is less than 50% of the reserve fund target amount, or if the payment date where the outstanding HEA valuation is less than 80% of the starting home valuation.
AXA launches new liquid strategy for ABS
The fund aims to bring greater granularity and spreads of consumer assets to institutional investors that typically have a greater exposure to corporate credit assets.
COLT 2024-5 Mortgage Loan Trust to issue $331.9 million
COLT 2024-5 has a higher concentration of full documentation loans, 6.1%, compared with 5.1% on the COLT 2024-4 deal, and smaller concentrations of piggyback mortgages and loans on investor properties.
A&D Mortgage’s most recent MBS was really the launch of a JV with Atlas Merchant Capital
The joint venture will use a combination of internal and third-party capital to purchase mortgage loans that A&D originates and services, while investing in a range of mortgage securities on the transactions.
How short-term rental leases are changing non-QM securitizations
More "Airbnb-style" rental property loans are making their way into non-qualified mortgage securitizations and could they be acting differently from the traditional non-owner occupied loans, a Standard & Poor's report asks.
Ginnie Mae reports strongest MBS issuance since September 2022
Issuance of new mortgage-backed securities guaranteed by Ginnie Mae has returned to levels last seen during the year monetary policymakers began raising rates.
Radian Mortgage Capital floats $348.8 million in mortgage-backed notes
Credit enhancement ranges from 15.0% on the super senior notes to 0.70% on the B4 note, among the subordinate tranches.
Mortgage bonds lag Treasuries as uncertainty about rates surges
Spreads for Fannie Mae current coupon mortgage bonds, a proxy for securities being created now, jumped 0.07 percentage point to 1.41 percentage point, on track for the most widening in a day since April.
Kiavi sells $350 million in RTLs, in fully subscribed deal
The deal brings Kiavi's half-year issuance to almost $1 billion, and after selling all its offered notes, was open to potentially selling rated RTL securitizations in future offerings.
BRAVO Residential Funding Trust to raise $243.6 million in MBS
Amid the housing market's challenges, the pool still has borrowers with strong credit profiles, including a 48% debt-to-income (DTI) ratio, and low leverage of 63%, for a sustainable loan-to-value ratio.
Bravo Residential Funding Trust raises $243.62 million in RMBS deal
Fitch Ratings views home price values in the non-prime mortgage pool as being 11.3% above a long-term sustainable level.
CROSS 2024-H4 raises $318.7 million in non-prime MBS
Fitch Ratings views home price values in the non-prime mortgage pool as being 11.1% above a long-term sustainable level.
Prime mortgages back $621M RMBS from Chase Home Lending
The trust's sixth issue of the year is backed by higher-income borrowers.
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