MBS holdings at Fannie and Freddie are a shadow of what they used to be. Then again, being in a conservatorship that just celebrated its quinceanera will do that to you.

With primary-market rates topping 7% in August, the outlook for agency single-family MBS production is not favorable. A clutch of nonbanks continues to dominant issuance. (Includes two data charts.)

Despite 15 months of balance sheet reduction, at the current pace, it will still take the Federal Reserve nearly four and a half years to bring its holdings of MBS and Treasuries down to pre-pandemic levels.

As interest rate volatility rocks the secondary market, industry leaders are working on building strong relationships with loan officers.

These are trying times in the residential finance market. Mortgage rates are high, bond prices are falling and there’s a concern about a lack of MBS buyers. What to do? Let the Fed know how mad you are.

While securitizations are often the best execution for Ginnie Mae loans, small and mid-sized GSE lenders will typically prefer the cash window.

The New York-based financial firm admitted to providing false pricing information to residential MBS clients between 2009 and 2013. It also agreed to cooperate with investigations into former employees.

DBRS said it’s in talks with the SEC to resolve a potential enforcement action related to its compliance with recordkeeping requirements.

Can a financial innovation in the Chinese capital market serve as a hedge for MBS?

Ginnie once again ranked as the top agency issuer in July, but all three agencies saw declining volume in purchase and refi business. (Includes two data charts.)