Items Tagged with 'TBA market'


  • Why "fast" mortgage servicers crush the TBA bond market

    Deutsche Bank analysts: Prepayments costing hundreds of millions per year
    A new segment of lenders and servicers that specialize in quicker prepayments is costing the TBA market “several hundred million of dollars a year,” analysts from Deutsche Bank Markets Research said in a new report. Prepayments are a new kind of problem now.
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  • MBA’s Stevens: Single GSE bond is “critical”

    New plan brings “unworkable fantasy” closer to reality
    "The move to a single security will enable the two GSEs to compete on a more level playing field, and this competition will be beneficial to both homebuyers and lenders,” David Stevens, president and CEO of the Mortgage Bankers Association, said.
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  • FHFA takes next step to single GSE bond

    Plan would create common securitization for Fannie and Freddie
    The proposal calls for a “Single Security” that would encompass many of the features of the existing Fannie and Freddie securitization structure, which the FHFA said is necessary to “achieve maximum market liquidity.” The announcement today provided key details on what that bond may look like, but the FHFA did not provide a specific timeline for implementation.
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