Capital markets

The Secured Overnight Financing Rate is a concept in search of an actual forward market, writes Whalen.

The two latest transactions follow in the wake of the government-sponsored enterprise’s first deal of the year and the release of a finalized capital rule aimed at facilitating broader risk-sharing.

The company, which had been spun off to specialize in services for distressed real-estate investment vehicles, will acquire alternative mortgages and seek opportunities in crypto-enabled ATMs.

The company claims its digital registry system is a faster, safer alternative to MERS databases

As the rising rates shrink the number of potential customers, mortgage brokers are seeking these products in order to keep business up.

Company management believes it can still be successful in the securitization market despite widening spreads.

Executives speak on the uncertainty created by the Russia-Ukraine war and Federal Reserve announcements.

The current offering of nonperforming loans comes after a similar portfolio sale last month.

A vocal section of the market prefers the Fed chair to focus more on reducing bond holdings than quantitative tightening, allowing policy makers to hike interest rates less aggressively as it battles to bring down 40-year high inflation.

The legislation President Biden was expected to sign on Friday heads off an array of potential disruptions for the industry.