| 2017 | 2016 | 2015 | |
|---|---|---|---|
ABS (Public + 144A) | 70,439.7 | 50,470.2 | 83,771.0 |
| ABS (Public + 144A excluding CDOs) | 62,298.4 | 42,976.8 | 59,774.7 |
| ABS (Public Only) | 32,916.9 | 21,976.8 | 35,380.6 |
| ABS (144A Only) | 37,522.8 | 28,945.5 | 48,390.4 |
| Non-Agency MBS | 25,396.7 | 20,947.1 | 41,209.4 |
| Agency MBS | 69,936.7 | 66,915.0 | 53,287.1 |
| CMBS | 31,736.2 | 33,477.6 | 32,443.4 |
| Source: Thomson Reuters | |||
If class A notes fail a credit enhancement rest, a cumulative default ratio amortization event occurs, or the pool balance is 10% or less, then GSKY 2025-3 will move to a sequential pay structure.
Policy reviews of GSEs and Basel rules could reshape the MSR market, opening opportunities for banks and altering Fannie, Freddie MBS dynamics.
Delinquencies are at their second highest level in three years, led by deterioration in the performance of FHA loans, the Mortgage Bankers Association said.
While Fitch and Kroll have differing views on mortgage rates next year, both are looking for mortgage delinquencies to rise in their rated portfolios.
Since introducing the Upstart Macro Index to address increasing delinquency rates in previous years, the changes to its underwriting and credit models have improved future vintages' performances.
Loan sizes are only $477.50 on average, while borrowers attached to the contracts have weighted average FICO scores of 727.
