Fannie, Freddie and Ginnie issued a combined $98.03 billion of single-family MBS last month, a 5.1 percent drop from September…

So far this year, publicly traded real estate investment trusts that specialize in mortgages have raised $4.8 billion by selling additional shares of stock, on par with what they did all of last year. Now, comes the big question: What are they doing with all that money?

Fannie Mae and Freddie Mac reported $6.72 billion in net income during the third quarter, down 3.5 percent from the previous quarter. The government-sponsored enterprises have also been actively whittling down their retained portfolios.

The grand concept behind the single security is that MBS issued by Fannie and Freddie will be fully fungible and interchangeable.

The implication is that declining originations, plummeting refinancing volume and razor-tight profit margins are causing consternation at Ginnie…

The first move expected is a possible lowering of GSE loan limits...

Redwood CEO Chris Abate: “Our game plan in the third quarter was a bit unconventional – we ran an up-tempo offense, squarely in the face of mortgage market headwinds.”

Increasingly worried about the liquidity of its largest nonbank issuer/servicers, Ginnie Mae is telling this select group of companies to come up with a plan to address what an agency spokesman characterized as “eventualities.” (Includes one data chart.)

Risk layering remains uncommon on the new breed of expanded-credit mortgages…

LoanStream was already originating nonprime mortgages via retail and wholesale outlets...