As of the end of October, Ginnie issuers had produced $615.55 billion of new single-family MBS, well over the highest total for a full year set in 2019 at $498.33 billion.

Year-to-date production, $1.852 trillion as of Halloween, was up 131.5% from last year. It’s a foregone conclusion that Fannie and Freddie this month will top the current $1.912 trillion annual record for GSE MBS issuance set back in 2003.

For its part, Fannie has stayed away from new CRT issuance other than some reinsurance transactions...

A basic question is posed: If Fannie and Freddie are earning so much money, why do they need to impose the fee?

No permanent Ginnie president for almost four years? Is that a problem?

Year-to-date issuance climbed to $2.468 trillion at the end of October and should top $3 trillion based on the current pace. As of this writing, there appears to be plenty of gas still left in the tank.

Non-QM MBS issuance is helping MFA get out of a hole after market volatility in the spring forced the REIT to take on a loan with costly terms.

The limits would be higher for mortgages backed by 2-4 unit properties, as well as loans in designated high-cost markets.

Agency MBS accounted for 25% of Chimera's portfolio at the end of 2019 and only 1% as of the end of September.

Fannie’s whole-loan portfolio increased 2.8% during the quarter, while Freddie’s grew 3.8%...