In 2020, mortgage records were broken all over the industry. MBS trading, meanwhile, had its best year since 2010.

Freddie’s green loans have accounted for a cumulative savings of 827 million gallons in water consumed, and more than 152 million kilo-BTUs in energy savings. In raw cash terms, that comes to more than $11 million in savings per (multifamily) loan.

Commercial banks, savings institutions, credit unions and the Federal Reserve continued to buy agency MBS during the third quarter. Fannie and Freddie drove a 2.2% increase in residential MBS outstanding. (Includes two data charts.)

Spreads between mortgage rates and interest paid on MBS have fallen to about 75 basis points. The long-term average is closer to 110 bps.

Word is out: Money can be made in the Ginnie EBO space. The strategy is attracting investment funds but it’s not as easy as you might think.

Speakers at this year’s ABS East conference — held online — focused on how the coronavirus impacted assets and the outlook for 2021.

Investors helped nonbank servicers with their advancing obligations for delinquent mortgages this year, but the outlook is murky.

Freddie issued its first multifamily K-deal in which both the floating-rate bonds and the underlying mortgages are indexed to SOFR.

Wall Street’s mind has been put to ease regarding an expedited conservatorship exit for Fannie and Freddie but concerns remain.

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