Private-label RMBS issuance could peak this year: KBRA

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Catastrophic Risk in US RMBS Fitch Ratings invites you to join a 30 minute webinar to discuss catastrophic risk in US RMBS. Fitch is proposing, for the first time, to make explicit adjustments to residential loan loss projections for catastrophic risk, and is requesting market feedback.

The private label mortgage market has barely made a contribution to housing finance post the crisis. Since 2008, there has been a grand total of 33 private label mortgage securitizations, financing a grand total of under 17,000 mortgages during this entire period versus a total of 8.6 million mortgages in 2012.

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Private label CMBS is expected to end 2016 within a range of about $65-$70 billion, approximately 30% lower than last year’s $95.8 billion. Despite what could be a slow start to the year, we believe that new CMBS private label issuance in 2017 could end the year within a range of $55-$65 billion, slightly below 2016 levels.

Former exec from HUD’s Ginnie Mae program joins Ainsworth Advisors MGIC beats expectations, but new insurance written underwhelms mgic beats expectations, but new insurance written underwhelms mgic investment corp. posted better-than-expected first-quarter earnings as expenses were lower than projected while net premiums came in higher.Rising rates stifle mortgage application volume ginnie mae must balance supervision with the scope of servicers’ risk Our basic belief remains that permanently accepting the pool-level status quo carries too great a risk of relegating the Ginnie Mae platform to second-class status behind the G-S-Es. And that could be detrimental to our mission and the missions of the federal housing programs we serve and support.Total mortgage application volume rose 0.6% on a seasonally adjusted basis from the previous week. Volume was nearly 14 percent lower compared with the same week one year ago, according to the Mortgage Bankers Association, when lower interest rates sparked a refinance boom.Former exec from HUD’s Ginnie Mae program joins Ainsworth Advisors | National Mortgage News Others joining ainsworth include marc helm, the former president and CEO of Reverse Mortgage Solutions, and attorney mitch kider, managing partner at weiner brodsky kider pc.

Variable private-label RMBS servicing fees change interests: fitch May 06, 2019 RSS FEED No comments Private-label debt securitizations with non-static servicing price arrangements could turn some-more common going brazen as issuers demeanour to boost financier money upsurge while shortening a loan servicer’s mercantile exposure, Fitch said.

 · Private-label alt-A rose from $16 billion in the first quarter of 2003 to $104 billion in the second quarter of 2006. Alt-A issues rose from 12 percent to 34 percent of all private-label RMBS, according to Inside Mortgage Finance. Since early 2003, the volume of jumbo prime private-label RMBS issuance first rose slightly and then declined.

In last year’s fourth quarter, private-label issuance reached nearly $28 billion. valuations have reached near- or above-peak levels amid historically low cap rates, a trend that could compromise. Non-agency RMBS was just under USD20bn last year – a far cry from the USD1tn at the market’s 2006 peak.

 · Moody’s also expects that overall issuance of private-label RMBS will increase because of unabating investor appetite and the removal of regulatory uncertainties that restricted issuance in 2012. The credit quality of transactions in 2013 will be marginally weaker than those in post-crisis transactions to date.

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KBRA Publishes RMBS Research: RMBS 2.0 Exposure to Hurricane Harvey Affected Counties. Trump’s Attack On ‘Obamacare’ Gives Democrats A Fresh Issue;. New 35- and 40-year term durations.