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S&P prepping for new scores' move to private-label RMBS

Single-family mortgages originated with new scores have been put into private securitizations but these typically have been submitted alongside classic FICOs.
Even a missed jobs report and the Fed talking dovish aren’t keeping yields lower

A jobs miss sent the 10-year yield to as low as 5.17% before yields rose higher toward 5.28%
Mortgage Banking Summit: ‘Street fight’ market concentrates growth toward nondelegated lenders

Data shows a small fraction of lenders capturing most new production as LOs shift to brokerage and correspondent platforms
Pamela Heman

Pamela Heman

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