KBRA recently assigned low-end investment grade designations to Freedom Mortgage and Pennymac transactions that involve interests in Ginnie Mae mortgage servicing rights.
https://www.nationalmortgagenews.com/news/new-ginnie-mae-msr-related-note-transactions-emerging
Bond traders surrender to higher-for-longer reality from the Fed
Bond investors who were once convinced that the Federal Reserve would start cutting interest rates...
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