Agency MBS/Secondary Activity

GSE MBS trends

Credit Trends in GSE Business

Chart providing average underwriting characteristics for Fannie Mae and Freddie Mac MBS issuance. Includes average FICO score, debt-to-income ratio, and loan-to-value ratio by month for purchase loans, first-time buyers, and refinances. Also includes distribution by FICO bucket (620-699, 700-739, and 740 and up) by loan-to-value bucket (80 percent or less, 81 to 95, 95 to 97) by month for purchase loans, first-time buyers and refinances.

5M2015 Data

GSE MBS Trends

Chart detailing single-family MBS issuance by Fannie Mae and separate chart detailing issuance by Freddie Mac.

For quarterly chart, columns include total, share by purpose (purchase, refinance), share by channel (retail, correspondent, broker), share by top five sellers, share of HARP, and share of jumbo.

For monthly chart, columns include total volume, volume of purchase loans, volume of refinance loans and refinance share. Also includes average loan characteristics for each period: loan size, loan-to-value ratio, FICO score, and debt-to-income ratio.

2009 - 3Q16 Data

January 2012 - January 2016 Data


After the November elections, how long will it take for a new Congress and White House to pass GSE reform legislation?

I’m confident a bill will be passed the first year.


2 to 3 years. GSE reform is complicated.


Sadly it won’t happen in a Clinton or Trump first term.


Not in my lifetime.


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