Fed by massive originations of agency-eligible mortgages, the securitization rate rose 5.1 percentage points to 80.4% in the third quarter of 2020. That's the highest it's been since 2013. (Includes data chart.)

Led by PFSI and Quicken, some of the nation’s largest nonbanks are entering the Ginnie EBO arena. More to come?

A new White House and a new Treasury secretary means exactly what for Fannie and Freddie? We’re about to find out...

Bank of America led a number of other large banks in the third quarter by buying Fannie and Freddie pass-throughs while reducing its Ginnie MBS holdings. (Includes two data charts.)

It’s not clear why Freddie’s multifamily profits in the third quarter were more than doubled that of its sister company. Fannie’s g-fee was higher and its portfolio larger while Freddie’s MBS issuance spiked in comparison.

MBS traders and investors had a field day in October as trades jumped to a high not seen since earlier in the year. Then there’s the Fed …

The announcement comes just a week after Fannie reported a similar error. However, in Freddie’s case, the prepayments only impacted nine pools.

The two GSEs agree that a proposed capital rule would diminish the benefit of credit-risk transfers, but Freddie plans to stay in the market under the current regime. (Includes data chart.)

Freddie has issued several securities backed by re-performing loans during the pandemic. However: Are these loans still protected by the FHFA’s moratorium on foreclosures?

Fannie and Freddie both reported declines in the most severe category of delinquency, but Ginnie's rate was slightly higher in October. (Includes data chart.)