While caps on GSE acquisitions of loans for investment properties were suspended mid-September, non-agency issuers continue to package the loans in their MBS. Three firms entered the sector during October.

Fannie paused its CRT issuance in 2020 after the FHFA proposed changes to the capital treatment of CRT transactions. Freddie continued to issue deals, but Fannie wasn’t persuaded to return until a proposal by the FHFA in September.

The non-agency securitization business is hot but maybe it’s too hot? Some market participants contend issuing banks are eyeing the rating services for talent.

Three topics — ESG, COVID and George Floyd — dominated the past year in the mortgage market and will shape the GSEs’ future.

Investors bought more MBS in September than August if trading numbers are any indication. Meanwhile, all eyes are on the Fed and the question of tapering.

The central bank may reduce its purchase of new agency MBS, but experts say it’s unlikely to allow current holdings to roll off. That reinvestment strategy means the Fed’s post-taper purchases could approach $60 billion in MBS a month.

A slowdown in primary market originations and new Ginnie MBS issuance is reflected in lower loan liquidation as borrower payoff remains the largest reason for removal.

The American Bankers Association called for a measured approach to the implementation of any capital requirements for single-family MBS issuers.

The Fed will stop being the hog at the MBS trough, one of these days. Ramifications and opportunities for other buyers?

Investors purchase REIT stocks because of the dividends they provide. But with rates heading higher, which firms should be avoided?