The Fed will reduce its purchases of agency MBS more quickly than initially planned; the Senate confirmed Alanna McCargo as Ginnie Mae’s president; Parthenon Capital Partners will acquire a majority stake in Kroll Bond Rating Agency; KBRA raises concerns about non-agency MBS due diligence sampling practices; United Wholesale offers its first non-agency jumbo MBS.

Securitization rates drifted lower in the third quarter in most segments of the mortgage market, and primary-market originations of agency-eligible loans declined. (Includes data chart.)

Analysts at Keefe, Bruyette & Woods expect prepayment rates on agency MBS to decline further in 2022 as fewer borrowers have incentives to refi.

The “easy money” may be over in the Ginnie early buyout space. Some bidders are paying north of 102 for product.

The mega REITs could be poised for a rebound in share price. Credit, in part, the Federal Reserve?

Fitch and DBRS released reports outlining the risks, physical or otherwise, of climate change to MBS and ABS. They said impacts varied by area and that vigorous policy efforts could help stem losses.

All three agencies saw new MBS issuance slow in November, though Ginnie held up slightly better. Both purchase-mortgage and refinance activity were down. (Includes two data charts.)

The Mortgage Bankers Association and the Housing Policy Council are calling on Ginnie Mae to end temporary pooling restrictions imposed on reperforming loans during the pandemic.

Federal Reserve Chair Jerome Powell says inflation has been high enough long enough to warrant a quicker reduction in the central bank’s MBS purchases. Time for mortgage bankers to worry?

The latest NPL sales at Fannie and Freddie add to the more than 130,000 of these loans they’ve unloaded from their portfolios since 2014.