Loan payoffs through refinancing and the like declined during the fourth quarter while buyouts plummeted. On an annual basis, loan removals were largely flat. (Includes data chart.)

Mortgage-investing REITs are treading water these days, trying to figure out their futures. A good time for stock repurchases, perhaps?

Analysts puzzle over the pace and timing of quantitative tightening, which is expected to widen MBS spreads and raise interest rates.

Fannie removed some loans from its MBS early; Guaranteed Rate restructured a jumbo MBS before issuance; the GSEs are prepping separate risk- sharing transactions.

The number of newly minted Ginnie Mae issuers has fallen dramatically the past year. Something to worry about or the byproduct of the mortgage industry’s cyclicality?

New York-based fintech dv01 used highly focused geographic data to identify MBS investment opportunities.

Margin requirements for trading GSE MBS are on the way; the Fed will end its stimulus-related purchases of agency MBS in March; JPM readies its largest jumbo MBS since 2016.

Fannie and Freddie have yet to release a date for their fourth-quarter results, but 4Q was likely a tad shy of 3Q. Credit stable interest rates and decent MBS volumes.

It wasn’t a pretty month for MBS trades. And with interest rates rising, the age-old question looms: Where do we go from here?

Market growth in 2022, though more restrained than in 2021, should give Fannie and Freddie plenty of runway to hit their multifamily caps for the year.