An expansion of publicly held agency MBS means that primary dealers’ MBS holdings have also grown, filling a void left by the Fed.

Ginnie Mae must firm up plans to boost nonbank issuer liquidity for times of stress and set policies for transferring MSR in the event a large servicer exits the market, speakers said at a summit this week.

Ginnie continues to grapple with the liquidity challenges that accompany the nonbanks that currently drive MBS issuance.

It’s getting difficult to project mortgage rates in the near term, putting pressure on agency MBS investors. Still, analysts at BofA Global Research maintain an overweight for holdings of agency MBS.

The SEC alleged Macquarie Investment Management Business Trust’s valuation practices for collateralized mortgage obligations violated the Investment Advisors Act and the Investment Company Act.

Hodgepodge of non-agency MBS; new commercial MBS tied to Rockefeller Center; limit-order option for lenders looking to sell into TBA MBS; Moody’s downgrades MBS issued by IndyMac in 1997.

Deals rated by Moody’s successfully navigated the end of LIBOR reporting; vintage MBS wrapped by MBIA downgraded; GSEs, Ginnie increase MBS disclosures; ICE offers emissions estimates for MBS; new TBA trading app from South Street Securities.

Issuance of residential MBS was up 11.9% in the third quarter, thanks to a decline in interest rates that sparked increased refinance activity and bolstered purchase-mortgage lending. (Includes three data tables.)

Fed researchers say most mortgages will remain out of the money for the foreseeable future, which means redemptions of MBS in the Fed’s portfolio may remain below the cap of $35 billion per month.

Initial estimates on Hurricane Helene’s impact; Ginnie to host summit with a focus on nonbanks; MSR financing securitization from Freedom; T-Mobile moves forward with cell phone financing ABS.