Purchase-money mortgages accounted for 79.3% of November issuance...

Invitation Homes owns roughly 80,000 SFRs throughout the U.S.

In its report to Congress on the liquidity of the VA home loan program, Ginnie Mae also made recommendations for improving the lending market.

Former Ginnie President Ted Tozer, who attended the investor summit, said a big topic was what the rapid increase in interest rates means for MBS.

Asian countries are expected to continue to dominate foreign ownership because of their large foreign-exchange reserves.

The Federal Reserve hiked rates by another 75 basis points. But Chair Jerome Powell said the time to begin selling the Fed’s MBS holdings “is not close.”

Issuance volume among some expanded-credit MBS contributors nearly doubled in the third quarter while others avoided the market. Issuers and lenders continue to face volatility in demand from MBS investors. (Includes three data charts.)

Demand for non-QMs in the secondary market remains weak. Investors are concerned about the prepayment profile of the loans, among other issues.

Annaly was the top issuer of non-agency MBS in the third quarter. The REIT had to retain more of its issuance than usual due to weak investor demand.

Redwood acquisitions of jumbo mortgages declined by more than 70% on a sequential basis in the third quarter. Officials at the REIT suggested that Redwood will continue to limit loan acquisitions until market dynamics improve.