May 18, 2024
Mortgage

How mortgage investments may evolve as banks’ share shrinks

As banks further distance themselves from certain residential finance assets, various parts of the market could be reshaped, multiple speakers at a recent mortgage-backed securities conference said. In servicing, the share of government-related transfers to nonbanks have been trending upward and have been particularly high recently, Richard Koss, chief research officer at Recursion Co., told

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Mortgage

New Ginnie Mae MSR-related note transactions emerging

KBRA assigned a rating to a new series of servicing-related term notes from a master trust issuer at Freedom Mortgage this week in line in a Ginnie Mae market that’s drawing more focus. The series 2024-SAT1 notes from FMC GMSR issuer trust are backed by certificates that represent participation interests in Ginnie Mae mortgage servicing

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