FHFA makes way for big reform of agency MBS market

The Federal Housing Finance Agency (FHFA) officially proposed changes to US administrative laws to align market activities at the US government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, on Wednesday. The changes would eliminate differences between the GSEs’ securities by 2019.

  • By Alexander Saeedy
  • 12 Sep 2018
The proposed rule would grant the FHFA the authority to require the GSEs to change any programmes, policies and practices that cause the conditional prepayment rates (CPR) in their securities to diverge by more than 2%. Prepayment risk is the primary source of difference in value among ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 12,508 23 18.18
2 Bank of America Merrill Lynch (BAML) 8,059 25 11.72
3 Lloyds Bank 5,761 18 8.38
4 Citi 5,606 15 8.15
5 JP Morgan 5,007 7 7.28

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1 Citi 94,444.52 266 11.16%
2 Bank of America Merrill Lynch 79,057.17 220 9.35%
3 Wells Fargo Securities 69,655.75 196 8.23%
4 JPMorgan 69,110.65 196 8.17%
5 Credit Suisse 56,930.26 144 6.73%