The new bonds help the GSEs reduce the amount of capital they must set aside under the enterprise regulatory capital framework.

Rising mortgage delinquencies increase spreads on residential MBS, as expected, along with spreads on credit card, student loan and auto loan ABS.

The fastest-growing sectors of the MBS market in the third quarter were Ginnie Mae and the non-agency market. Banks, foreign investors, money managers and insurance companies easily offset the slow decline in the Fed’s portfolio. (Includes two data tables.)

Some experts think FHFA’s stability capital buffer has helped Freddie surpass Fannie in both loan purchases and securitizations.

The largest mortgage asset exchange will bring trended data to hundreds of lenders and investors.

The final rule will allow lenders to disburse up to 1% of FHA-endorsed multifamily construction loan proceeds before borrower-provided funds are fully exhausted.

The Mortgage Bankers Association said the new early-buyout securitization would provide issuers more liquidity in times of stress.

At yearend, traders and lenders are trying to get a handle on the direction of interest rates, with geopolitical events potentially playing a larger role than originally thought.

Associated Banc-Corp will take a loss in the fourth quarter; Chase packages seasoned jumbos in non-agency MBS; Octane Lending expands ABS issuance; another whole-business ABS from Jersey Mike’s.

Agency single-family MBS issuance rose 7% in November, hitting its highest monthly output in two years. Most of the gain came from continued growth in refinancing, especially rate-term transactions. (Includes two data tables.)