September 4, 2018
Housing Finance Transitions
The Congressional Budget Office released a report, Transitioning to Alternative Structures for Housing Finance: An Update. The report updates a 2014 analysis to inform policymakers about how different approaches to restructuring the housing finance system would affect federal costs, risks … Continue reading
September 4, 2018 in MBS industry commentary | Permalink | No Comments
January 25, 2018
Credit Risk Transfer and Financial Crises
Susan Wachter posted Credit Risk Transfer, Informed Markets, and Securitization to SSRN. It opens, Across countries and over time, credit expansions have led to episodes of real estate booms and busts. Ten years ago, the Global Financial Crisis (GFC), the … Continue reading
January 25, 2018 in MBS industry commentary | Permalink | No Comments
November 9, 2017
Your Lender, The Federal Reserve Board
Laurie Goodman and Bing Bai at the Urban Institute have posted Normalizing the Federal Reserve’s Balance Sheet The Impact on the Mortgage-Backed Securities Market. It is quite extraordinary to realize that the Federal Reserve owns nearly a third of outstanding residential … Continue reading
November 9, 2017 in MBS industry commentary | Permalink | No Comments
October 26, 2017
Mortgage Servicing Since The Financial Crisis
Standard & Poors issued a report, A Decade After The Financial Crisis, What’s The New Normal For Residential Mortgage Servicing? It provides a good overview of how this hidden infrastructure of the mortgage market is functioning after it emerged from … Continue reading
October 26, 2017 in MBS industry commentary | Permalink | No Comments
May 3, 2017
Hope for the Securitization Market
The Structured Finance Industry Group has issued a white paper, Regulatory Reform: Securitization Industry Proposals to Support Growth in the Real Economy. While the paper is a useful summary of the industry’s needs, it would benefit from looking at the … Continue reading
May 3, 2017 in MBS industry commentary | Permalink | No Comments
November 18, 2016
Low Down Payment Mortgages, Going Forward
TheStreet.com quoted me in Home Loan Down Payments Are in Decline: Will Uncle Sam Ride to the Rescue? It opens, President-elect Donald Trump has enough problems on his hands as his administration takes shape, with the economy, health care, geopolitical strife and … Continue reading
November 18, 2016 in MBS industry commentary | Permalink | No Comments
November 4, 2016
The Jumbo/Conforming Spread
Standard & Poor’s issued a research report, What Drives the Variation Between Conforming and Jumbo Mortgage Rates? It opens, What drives the variation between the conforming and jumbo mortgage rates for the 30-year fixed-rate mortgage (FRM) product offered in the … Continue reading
November 4, 2016 in MBS industry commentary | Permalink | No Comments
