Mortgage rates have moved higher at a moderate pace over the past 2 days as tensions between The U.S. and Iran see a resurgence. As far as the underlying bond market is concerned, most of the damage was done yesterday. But today’s news added emphasis when Trump declared the ceasefire to be over. Rates are […]
Mortgage Rates Back Up Near 10-Month Highs Read More »
Agency mortgage-backed securities issuance activity in June was hampered by a decline in refinance volumes, although for the full second quarter it was up over the previous period, a report from BTIG said. Processing Content The industry had a 3% decline in agency issuances to $118.5 billion. But for the companies BTIG covers — loanDepot,
Agency MBS issuance slows in June on fewer refis Read More »
OceanFirst Financial and asset manager 400 Capital Management are promoting a strategy that offers a variation on credit-linked notes regional banks have increasingly used as a means of obtaining mortgage capital relief in the U.S. market. Processing Content The companies applied the structure, which 400CM said appears to be the first fund-issued, rated, significant risk-transfer
Bank uses a twist on credit-linked notes for capital relief Read More »