Who will succeed S.A. Ibrahim at Radian? We've heard two names...

Ginnie Mae set new monthly and quarterly production records during the third quarter of 2016, leading the agency MBS market to a huge 24.6 percent increase in new issuance, according to a new market analysis and ranking by Inside MBS & ABS. The three agencies produced $428.36 billion in new single-family MBS during the third quarter. Fannie Mae and Freddie Mac actually had bigger increases from the second quarter, but Ginnie was the star of the show. Ginnie recorded...[Includes two data tables]

Non-agency MBS investors looked to the practices of the government-sponsored enterprises when establishing the standards for a deal agent, according to Alessandro Pagani, a portfolio manager and head of securitized assets at Loomis Sayles. “The GSEs were very effective in enforcing their rights as owners of the collateral; they had access to information and real enforcement power to put back loans that needed to be put back and direct servicers,” he said at the recent ABS East conference produced by Information Management Network. The Deal Agent Committee released...

The Milken Institute suggests simply amending the charters of Fannie Mae, Freddie Mac, Ginnie Mae and the Federal Housing Finance Agency for a smooth transition toward a new secondary mortgage market. Those changes include turning the government-sponsored enterprises into mutuals owned and operated by their seller-servicers and making Ginnie Mae a stand-alone government corporation. Amending the charters could accomplish a wide range of objectives that have eluded legislators and policymakers since the conservatorships, the authors said. Michael Bright, director in the Milken Institute’s Center for Financial Markets, and Ed DeMarco, senior fellow at the institute and former FHFA acting director, said...

Want to make more money? Go work for a nonbank. Want better job security? Work for a depository...

Single-family MBS issuance jumped 25.7 percent during the third quarter to $440.77 billion…

Issuance of new residential MBS and non-mortgage ABS rose sharply in the third quarter of 2016, according to a new Inside MBS & ABS analysis. The market produced a total of $494.11 billion in new MBS and ABS during the third quarter, a 25.0 percent increase from the second quarter. That brought year-to-date production to $1.208 trillion, slightly ahead of the pace set during the same period in 2015. It was...[Includes one data table]

Freddie Mac’s third-quarter MBS business was up 36.0 percent from the previous period, thanks to a whopping 43.6 percent jump in purchase-mortgage business…

Cash-out refis are propping up the refi market, said one analyst.

In a letter to its shareholders, Fairholme called the GSEs “two of the best businesses ever owned by the funds.”