The top four bank investors in residential MBS reported a combined $16.5 billion decline in their portfolios during the fourth quarter, with most of the drop coming in GSE pass-throughs. (Includes two data tables.)

Ginnie Mae President Joe Gormley said the agency is making progress on its transition to loan-level processes.

Fannie and Freddie saw a small decline in Supers MBS issuance during the fourth quarter, along with an unusual spurt in commingled collateral. (Includes two data tables.)

Investors are showing strong demand for non-agency MBS, leaving leaders of issuers optimistic.

Asset managers believe agency commercial MBS is an attractive investment option following President Trump’s directive to the GSEs to buy $200 million in agency MBS.

Recent cases involving subprime auto lender Tricolor and auto parts manufacturer First Brands prompted the initiative.

The shift from senior subordinate securitizations to predominantly fully guaranteed securitizations is expected to increase revenues for Freddie’s multifamily business.

Moody’s advised consumer ABS issuers to implement backup servicers and strong custodial arrangements to mitigate risks.

The Federal Reserve will soon issue proposals revising capital requirements set under the Basel framework in a way that could increase bank involvement in mortgage originations and servicing.

The Department of Veterans Affairs is developing policy to support the partial claim program authorized by Congress last year, according to the executive director of VA’s Loan Guaranty Service.