May 2, 2024By Dennis HollierFederal Reserve Prepares to Slow Balance Sheet ReductionThe Federal Open Market Committee this week announced lower caps for Treasury runoff and a tweak to its MBS activity.
May 2, 2024By Dennis HollierGSE Earnings Belied by Mortgage HoldingsProfits at Fannie Mae and Freddie Mac weathered a steady decline in mortgage purchases and shrinking mortgage holdings. (Includes data table.)
April 18, 2024By Brandon IveyNon-Agency Players Oppose Freddie’s Proposal on SecondsFreddie Mac is seeking approval to acquire second liens. The Structured Finance Association opposes the proposal, noting that non-agency outlets are providing sufficient liquidity for seconds.