July 19, 2016
Investing in Mortgage-Backed Securities
US News & World Report quoted me in Why Investors Own Private Mortgage-Backed Securities. It opens, Private-label, or non-agency backed mortgage securities, got a black eye a few years ago when they were blamed for bringing on the financial crisis. But they … Continue reading
July 19, 2016 in MBS industry | Permalink | No Comments
July 1, 2016
The Sloppy State of the Mortgage Market
I published a short article in the California Real Property Law Reporter, Sloppy, Sloppy, Sloppy: The State of the Mortgage Market, as part of a broader discussion of Foreclosures Following Problematic Securitizations. The other contributors were Roger Bernhardt, who organized the discussion, as well as … Continue reading
July 1, 2016 in MBS industry | Permalink | No Comments
June 13, 2016
Mortgage Market Overview
The Urban Institute’s Housing Finance Policy Center issued its May 2016 Housing Finance at a Glance Chartbook. This monthly report is invaluable for those of us who follow the mortgage market closely. The mortgage market changes so quickly and so … Continue reading
June 13, 2016 in MBS industry | Permalink | No Comments
May 19, 2016
Divvying up The Mortgage Market
S&P Capital IQ has posted some Structured Finance Research: The Conforming Loan Limit And Its Effect On The U.S. Private-Label Mortgage Market. It contains interesting thoughts on how a stabilized secondary mortgage market should be split between government-backed and private-label securitizations. More particularly, … Continue reading
May 19, 2016 in MBS industry | Permalink | No Comments
April 25, 2016
TRID Trials
The Consumer Financial Protection Bureau issued the TILA-RESPA Integrated Disclosure (TRID) Rule which went into effect more than six months ago. The TRID Rule were designed to enhance consumer protections in the mortgage application process. The mortgage industry has been … Continue reading
April 25, 2016 in MBS industry | Permalink | No Comments
April 18, 2016
Goldman’s $5B Mortgage Settlement: If They Only Knew
The news reports about Goldman’s $5 billion settlement over its boom-time securitization practices have focused on whether Goldman would really have to pay all $5 billion at the end of the day. It is important to focus on the size … Continue reading
April 18, 2016 in MBS industry | Permalink | No Comments
March 8, 2016
The Future of Securitization
SEC Commissioner Michael Piwowar’s Remarks at ABS Vegas 2016 are worth a look for all of those interested in the future of the mortgage-backed securities market. I have interspersed selections of his remarks with my comments: As our country’s capital markets … Continue reading
March 8, 2016 in MBS industry | Permalink | No Comments
