REITs continue to buy agency MBS but carry a caveat: The sector is shrinking in terms of asset size. Investors who are contrarian at heart might want to start nibbling on some of these stocks.

It took seven or eight months for primary mortgage rates to reflect the Fed’s massive intervention in the secondary market.

ABS East attendance declined this year; non-agency MBS issuers saw weaker demand in November as supply spiked; GSE g-fees didn’t vary much based on seller size in 2020.

Six federal regulators tasked with overseeing risk-retention requirements for residential MBS decided to leave the standards unchanged after a two-year-long review.

Mortgage industry stakeholders welcomed Sandra Thompson’s nomination, touting her achievements in her current role as acting director of the Federal Housing Finance Agency.

Some investors in MBS and ABS are ready to discard data collected in the past two years due to distortions from actions by the federal government. One problem: projecting asset performance moving forward.

Changes in FHFA leadership and in the structure of some CRT offerings have altered the calculations of investors.

The interest rate picture is cloudy and MBS trades are heading south. Time to worry? We’ll know soon, or maybe not.

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.)