The Western Alliance Bank subsidiary has been offloading its agency-eligible production to other issuers.

United Wholesale Mortgage was the top seller of agency purchase loans last month, while Rocket Mortgage topped in agency refinances. (Includes two data tables.)

The trade group envisions a modern records retrieval system that eliminates the need to move the loan documents associated with mortgages that collateralize both agency MBS and non-agency MBS.

Rating services are preparing rating criteria that will consider the impact of loans underwritten using VantageScore 4.0 and FICO 10T.

Despite a presidential directive to buy more MBS, the GSEs’ combined MBS holdings have declined for three straight months.

A conservative think-tank economist argues that the Fed should reduce its MBS holdings to support a more affordable housing market.

Industry observers don’t expect the move to prompt major declines in interest rates this year.

Runoff of agency MBS from the Federal Reserve’s portfolio appears slow but is close to actual Fed projections.

Many of those green loans will still be eligible for purchase by the GSEs. Social bonds appear unaffected.

TPG Mortgage Investment Trust is set to acquire Cherry Hill Mortgage Investment in a $117.5 million deal.