One of the largest REIT investors in the MBS market took a loss of $266 million in 2020, with gains in the final three quarters unable to wipe out the red ink posted in the first quarter. Still, officials at AGNC are optimistic about the future.

Trade group officials believe by opening a dialogue with regulators they can fix the GSE cash window “problem” that is looming.

International third-party examiners have endorsed the enterprise’s green and social bonds.

Some $714 billion of loans were removed from Ginnie MBS last year, with about 86% of them representing borrower payoffs. Repurchases of delinquent loans were also up sharply from 2019. (Includes two data charts.)

Gov. Andrew Cuomo’s 2022 budget proposal includes language that formalizes the inevitable shift from LIBOR to SOFR for most financial institutions.

A pop quiz: What backstops $2 trillion in mortgages, earns $1 billion-plus per year but still doesn’t have a permanent boss?

Have Federal Reserve policies, and the flood of refis that they’ve created, permanently altered MBS markets?

What might the new Biden administration do with Fannie and Freddie? Good things ahead for Ginnie? Let the speculation begin.

The latest transaction is an actual loss deal issued through a trust; previous Multifamily Structured Credit Risk deals were structured as fixed-severity deals issued as corporate debt.

The agency guaranteed $749 billion in MBS in fiscal 2020, a sharp increase from $453 billion in 2019. Credit: the refi boom.