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Volume 2012 - Number 5

February 3, 2012

Downloads Available: Top Agency MBS Issuers in January 2012


Agency MBS Issuance Cools Slightly in January Despite Gains in Freddie and Ginnie Programs

Freddie Mac saw a substantial increase in its single-family MBS program from December to January, but overall agency MBS production declined for the month, according to a new ranking and analysis by Inside MBS & ABS. The three agencies generated a total of $114.02 billion in new single-family MBS last month, down 4.0 percent from December. The total was also off 16.4 percent from January 2011 issuance. Agency MBS production had increased steadily over the last five months of 2011 after hitting a low spot of $70.34 billion in July. But issuance at Freddie jumped a whopping 45.8 percent from...

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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.

 

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Poll

Are current mortgage underwriting standards too tough?

Yes, they don’t reflect current market conditions and need to be adjusted to allow borrowers with below 700 FICO scores and smaller downpayments to qualify for mortgages.
Yes, and something needs to be done to significantly reduce repurchase or buyback risk so that lenders don’t apply even tougher underwriting overlays.
No, the standards are appropriate given current risks and the major default problems the mortgage market has experienced over the past several years.

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