Secondary

The latest jumbo mortgage-backed securitization by the only consistent issuer/aggregator in the space, Sequoia/Redwood, utilizes a two-pool structure.

Thirty-year conventional prepayment speeds increased 4% in December from the previous month.

It is still not practical to include commercial loans of several hundreds of millions of dollars in commercial mortgage-backed securities conduits, as was common in 2005, 2006 and 2007.

A Mortgage Grapevine poster who is an expert in the USDA program has let the community know that the government agency has come out with a new underwriting matrix.

Almost 55% of the loans financed through a commercial mortgage-backed security execution reaching their balloon date were paid off in December.

The unwillingness of lenders to add capacity and offer aggressive pricing is a totally rational response to a regime in which prices for a variety of inputs have been massively skewed by government actions.

Prices for the commercial real estate loans that comprise mortgage-backed securities rose in November.

NCUA has opened a new battle with Wall Street by filing a new suit over the sale of faulty mortgage-backed securities to the failed corporates.

The congressional playbook for the new year is a familiar one, as lawmakers will continue to oversee implementation of the Dodd-Frank reform law and possibly begin to make inroads on housing finance reform.

Some think the private-label mortgage-backed securities market can make more of a comeback this year due to the agencies’ rising guarantee fees.