RMBS

With interest rates on the rise, analysts say the Fed could start shrinking its unprecedented $1.75 trillion position in mortgage-backed securities by year-end.

Rising interest rates have slowed a recent run of unexpectedly high prepayments of government-insured mortgages, making servicing rights for loans held in Ginnie Mae securities more attractive to investors.

Angel Oak, a regular issuer of nonprime residential mortgage bonds, is marketing its first transaction with a credit rating.

New Residential Investment Corp. is readying an offering of bonds backed by both reperforming and nonperforming mortgages.

Deutsche Bank wants to finance hedge fund purchases of subprime loans in order to meet the terms of its $7.2 billion settlement with the U.S. government.

Although issuance of residential mortgage-backed securities remains down from a year ago, the number of nontraditional deals is continuing to grow, according to Moody's Investors Service.

In the aftermath of enforcement actions, non-executive chair Phyllis Caldwell is directing the special servicer's efforts to diversify its leadership and business model.

JPMorgan Chase is known to eschew selling conforming mortgage loans to Fannie Mae and Freddie Mac, preferring to securitize them in the private-label market.

Invictus Capital Partners, a nonprime mortgage lender based in Washington, D.C., is making its debut in the securitization market.

Federal Reserve Bank of St. Louis President James Bullard said the central bank ought not rush to raising interest rates next month because uncertainty over the fiscal policies of the Trump administration clouds the U.S. economic outlook.

Almost a decade after it all began, the Federal Reserve is finally talking about unwinding its grand experiment in monetary policy.

Cerberus Capital Management is marketing its first securitization of reperforming mortgages of the year.

An explicit government guarantee of Fannie Mae and Freddie Mac is imperative to reform the secondary market, but needs be carefully circumscribed — covering only the securities and invoked only after multiple, significant layers of private capital have been exhausted.

Former Jefferies & Co. managing director Jesse Litvak was convicted for a second time of defrauding customers on trades of mortgage-backed securities — but only on one of 10 criminal counts.

Nearly a third of the loans in the nonagency space will likely see prepayments cut in half if refinancing incentives disappear due to higher interest rates, according Morningstar Credit Ratings.

Nonprime mortgage securitization has roughly doubled each of the last two years, and it shows no signs of stopping, according to Fitch Ratings.

Despite a jump in mortgage origination activity, Flagstar Bancorp reported lower fourth-quarter profits thanks to an uptick in expenses.

Deutsche Bank sought an unusual provision in its $7.2 billion mortgage-bond settlement with the U.S. government, and seems to have won it: the bank can pay down part of its penalty by lending money to fund managers.

Former Jefferies LLC managing director Jesse Litvak, on trial for defrauding clients on the price of mortgage bonds, is finally getting to present the evidence that he believes will keep him out of prison — testimony from his hand-picked expert witnesses.

Proponents of "recap and release" misread the political risks and the depth of interest that key lawmakers have in determining the long-term future of Fannie Mae and Freddie Mac.