Losses are widely expected for agency MBS investors in the third quarter of 2026. However, the same factors that diminish values of MBS holdings also make new investments in MBS more attractive to investors.

Growth was fueled by agency MBS as REITs decreased their holdings of non-agency loans in the second quarter. (Includes two data tables.)

Vandad Fartaj will lead capital market initiatives and investment strategies, with an emphasis on mortgage servicing rights.

Ginnie Mae and the non-agency MBS sector led residential MBS over the $10 trillion mark in the second quarter. Mutual funds and foreign investors increased their holdings. (Includes two data tables.)

MBS purchase levels at Fannie Mae and Freddie Mac continue to disappoint lenders looking for help with interest rates, though prospects look better for September reporting.

The third-party analytics models used by bond traders now accept VantageScore 4.0 loans, but their methodologies were designed before the confusion around loan-level price adjustment grids.

Interest rates on mortgages increased steadily throughout the second quarter, diminishing demand among non-agency MBS investors to some extent. (Includes data table.)

FHFA directed Fannie Mae and Freddie Mac to resume the MBS buying spree that President Trump requested in January.

Analysts suggest that the proprietary credit scores of the GSEs, if released prior to pooling loans into MBS, could serve as the basis for a new category of specified pool.

Mortgage industry analysts ponder the impact of new Fannie Mae and Freddie Mac disclosures on the MBS and credit-risk transfer markets.