Wells Fargo was the only top-tier bank to boost its residential MBS portfolio in the first quarter, including a significant increase in its Ginnie pass-throughs. (Includes two data tables.)
Congress should consider legislation to allow Ginnie Mae to expand its pass-through assistance program to give nonbanks a liquidity backstop, according to the Financial Stability Oversight Council.
Money managers added to their holdings of agency MBS for the sixth consecutive quarter as of the first quarter of 2024. That might be the peak in their investments in agency MBS, according to industry analysts.