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.

Buy low, sell high. That piece of advice applies to stocks as well as bonds. But is now the time to purchase agency securities?

Some of Cenlar’s subservicing clients are eyeing a switch. But when it comes to securities holders whose assets are being serviced by the vendor, so far, there isn’t much to worry about.

Single-family MBS issuance by Fannie, Freddie and Ginnie was up 10% from 2020 to 2021, but bigger percentage gains were posted by non-agency RMBS, commercial MBS and ABS production. (Includes three data charts.)

Driven by demand for EBOs and non-agency products, trading desks were quite active in 2021. The new year is shaping up to be a bright one as well.

Freddie Mac, in particular, expects to issue a record volume of $25 billion in single-family risk-sharing transactions this year.

The enterprise for the first time will make loans on new-built homes eligible for securitization under its green MBS program.