Ginnie Mae issuance of single-family mortgage-backed securities declined 12.2% in the second quarter of 2022, as rising interest rates dragged the refinance market to new lows. (Includes four data charts.)

Rising interest rates had a major impact on non-agency MBS issuance in the second quarter, with volume down nearly 40% on a sequential basis. Expanded-credit MBS issuance held up better than prime volume, though the ECM sector is now in turmoil. (Includes data chart.)

PRP Advisors issued its first non-agency MBS with newly originated mortgages for investment properties. To this point, Balbec’s non-agency MBS issuance has focused on seasoned mortgages.

Two prominent lenders involved in the expanded-credit market shuttered and planned MBS from major issuers are being downsized or pulled altogether.

Ginnie Mae President Alanna McCargo wants industry participants and governments to find more ways to expand liquidity for small lenders and community development financial institutions.

Loans in a new RPL MBS from MFA were originated in 2005, on average.

Five former Ginnie Mae presidents offered advice to current President Alanna McCargo and her staff at a recent roundtable.

A Fed economist outlines why the COVID-19-related economic crisis turned out so differently from the 2008 global financial crisis.

Industry groups are asking that any climate-related disclosures for ABS be based on existing frameworks and be tailored by asset class.

Fannie Mae will publish refi application activity on a weekly basis, helping MBS investors better gauge prepayment trends.