Historically high mortgage paydowns and price premium amid the current COVID-19 pandemic may lead to negative duration for mortgage-backed securities (MBS). Read More

A potential surge in the number of delinquent loans repurchased from Ginnie Mae securities by servicers has bankers at Credit Suisse busy with new ways to finance the debt, especially for the non-banks, according to a source familiar and a person briefed. Read More

In its proposed capital rule for Fannie Mae and Freddie Mac, the Federal Housing Finance Agency offers a framework intended to allow the government-sponsored enterprises to be released from the heightened oversight of conservatorship or a consent order in a strong enough position to remain viable even under severe economic stress.  Read More

We show how securitization affects the size of the nonbank lending sector through a novel price-based channel. ​ Read More

COVID -19 Research and Data. Read More