The Federal Reserve’s pandemic-driven asset-buying spree altered the composition of assets and liabilities, a change that impacts balance sheet reduction.

A weak origination market is fueling reduced activity on MBS trades. Still, some view MBS as a safe haven of sorts, especially with the equities market reeling.

For the first time in a long while, Fannie in August finished third in issuance of single-family MBS. Agency purchase volume rose slightly as refinance activity continued to slump. (Includes two data charts.)

Investors that once focused on lower tranches of non-agency MBS are shifting up in credit, seeing just as strong returns from AAA-rated tranches with fewer risks. Investors in agency MBS are also changing strategies as interest rates rise.

Trade groups widely supported the new law, but at least one association says the proposed implementing regulation still needs work.

Investors have been asking for more data on the social aspects of loans in Ginnie Mae pools, said agency President Alanna McCargo.

MBA urges FHFA to consider securitization when reviewing the Federal Home Loan Bank system; Ambac’s MBS lawsuit against Countrywide goes to trial 12 years later; MISMO seeks comments on template for BWIC activity.

The federal entities appear to have accommodated many of the concerns of small and mid-sized seller/servicers, reducing some requirements and eliminating others.

FINRA and the MSRB plan to cut the reporting time for TRACE-eligible trades from 15 minutes to just one.

Changes to Form FR-2004 help distinguish between the specified pool and to-be-announced positions of primary dealers.