With mortgage rates expected to drop later this year, challenges in the mortgage-backed securities market could limit benefits for homebuyers.

Ginnie Mae issued a public notice to their issuer partners cautioning about elevated prepayments in certain mortgage-backed securities (MBS) programs and warning of potential consequences for violations.

A newcomer to the asset-backed securities (ABS) market, fiber securitizations are gaining momentum with issuance possibly as high as $5 billion in 2024.

According to a March 28th Asset-Backed Alert, three recent Floorplan ABS offerings have increased in size before issuance.

Goldman Sach Asset Management (GSAM) released their annual survey in which they polled 359 insurance company executives, ranking their expectations for returns on various asset classes.

The Wall Street Journal reports that first quarter sales for the U.S. auto industry are higher year-over-year.

The expansion of the private credit market has spurred a rise in trading activity for loans approaching maturity, prompting the emergence of a "semi-active secondary market," as highlighted by The Financial Times.

As the Federal Reserve prepares to lower interest rates later this year, mortgage rates might not decrease quickly given that demand for mortgages and mortgage-backed securities remains muted compared to pre-2022 levels.

Increased loan putbacks from Fannie Mae and Freddie Mac have led to increased “scratch-and-dent loans” securitization issuance. These loans were returned to their originators for reasons like missing documentation, mortgage-insurance issues, or incorrect debt-to-income ratio calculations, and have subsequently found their way into non-agency RMBS pools. With spreads on all…

The Wall Street Journal reports that 2023 saw only 3.5% of office building sales coming from distressed sellers, based on MSCI Real Assets analysis.