Depending on how you count, Fannie/Freddie loan guarantees in 2022 will either generate almost $30 billion in lifetime savings for the federal government or result in a $5.5 billion loss.

Total non-agency MBS issuance was up only 3.6% from the second to the third quarter, and securitization of RPL and NPL deals fell sharply. But prime RMBS production surged dramatically.

The Fed will stop being the hog at the MBS trough, one of these days. Ramifications and opportunities for other buyers?

Investors purchase REIT stocks because of the dividends they provide. But with rates heading higher, which firms should be avoided?

Changes implemented in response to the financial crisis of 2008 helped the MBS and ABS markets perform better than expected at the onset of the pandemic.

The mortgage giant got the ball rolling with a $285 million offering of uniform MBS collateralized entirely of Home Possible mortgages.

Structured finance production held at historically high levels in the third quarter, though most sectors were down. Growth pockets included non-agency MBS and ABS. (Includes four data charts.)

Attendance was down at the recent Structured Finance Association convention in Las Vegas. Discussions touched on the non-agency MBS market and the GSEs, among other issues.

A leadership shuffle at the Fannie/Freddie joint venture ends rumors that its securitization platform would be opened to competing guarantors.

Ginnie is staying tight-lipped regarding its new, stricter capital proposal. Is it possible the entire exercise will come to naught?