Quicken Loans is the top contributor to the new Morgan MBS, accounting for 36.3% of the collateral.

UWM reported a 69.2% jump in refi volume, while PennyMac, Freedom Mortgage, loanDepot, Mr. Cooper Group and NewRez all increased their market share as well.

Guild's GOS: 562 basis points for the third quarter compared to 502 for the first half...

But the stratagem comes with costs. According to FHFA estimates, Fannie and Freddie will face between $1.1 billion and $1.7 billion in additional charges due to the extension. That’s on top of the estimated $6 billion the two have already incurred.

Ginnie Mae single-family MBS issuance fell slightly from October but remained at near record levels. All told, the three agencies pumped out nearly $355 billion last month, a 5% gain from October.

The FHFA's capital requirements for the GSEs don't exactly favor CRT transactions but the Biden administration is expected to encourage the deals.

Time to start planning for the 13th anniversary of the Fannie/Freddie conservatorships...

MBA's Mike Fratantoni: “For the second week in a row, the share of loans in forbearance has increased, driven by a rise in new forbearance requests..."

The trade groups argue that the GSEs are key providers of liquidity to the housing market, especially in these troubled times and any mistakes will damage the nation’s mortgage finance system.