LLPA Changes and Mortgage Rates On January 5th, 2022, the GSEs released a new round of loan-level pricing adjustments (LLPAs) targeted at...

Introduction One way of assessing the liquidity for a particular MBS coupon is to calculate its float, the amount that is free to trade....

Introduction It's hardly an overstatement to say that the institutional type of mortgage originators and servicers is playing a crucial...

Introduction to the Cash Window There are two methods for securitizing loans in Agency GSE MBS: swapping loans for a security (Swap) or...

As widely anticipated, the delinquency rate on mortgage loans jumped dramatically in May factor date data across the different Agencies...

Introduction The economic destruction unleashed by the COVID-19 pandemic has lead to a surge in the unemployment rate which in turn will...

Property Valuation Data from the GSEs Among the relief measures rolled out by housing regulators in responding to the coronavirus...

The Problem The US has one of the largest and most developed mortgage markets in the world with nearly two-thirds of all households...