Chase is set to issue one of the largest post-2010 prime non-agency MBS with new production while Credit Suisse has a smaller non-QM deal with somewhat seasoned mortgages.

Some $7.29 billion of non-agency MBS was issued during the fourth quarter, down 41.5% on a sequential basis.

To the surprise of some, the program wasn’t heavily used by nonbank MBS issuers...

BofA, which ranked 10^th in Inside Mortgage Finance’s third quarter ranking, funds loans through only one channel: retail. Home-equity lending also took a hit: $469.0 million compared to $984.0 million in the third quarter.

Loan application activity is typically slow in early January following the holidays. Not this year, according to officials at Wells and PCMA.

In January of last year, the flow of VA loans into Ginnie MBS exceeded the volume of FHA loans, a trend that culminated in December, when VA accounted for 57.0% of monthly issuance.

If approved by the Senate he would replace Kathy Kraninger, a business-friendly Trump-appointed official who has led the agency since 2018.

For all of 2020, non-agency MBS issuance totaled $90.23 billion, down 20.0% from the year before...

What about Movement Mortgage as an IPO candidate?

Rather than ending the net worth sweep outright and agreeing to write off some of its preferred shares, Treasury is essentially simply allowing Fannie Mae and Freddie Mac to continue their practice of retaining earnings.