Public finance

The sustainable debt market has become unsustainable

The European Union's first social bond sale, totaling 17 billion euros, was 14 times oversubscribed, meaning the EU could have sold 200 billion euros worth of bonds. That indicates a market that’s structurally underserved.

Ginnie Mae forbearance rate flattens

The net share of mortgages in Ginnie Mae securitizations with suspended payments appears to be stabilizing, but the number of new requests creates doubt about whether it will subside.

By Bonnie Sinnock
Capital Markets Editor
National Mortgage News

As mortgages in forbearance decline overall, one exception persists

The percentage of borrowers who have asked to temporarily suspend payments due to coronavirus-related hardships is down overall, but in the Ginnie Mae market, they’re still inching up. The overall share of loans in forbearance dropped 8 basis points to 6.93% from 7.01%, according to the Mortgage Bankers Association’s weekly report for Sept. 7-13. However, […]

By Bonnie Sinnock
Capital Markets Editor
National Mortgage News