High-balance loans accounted for 4.4% of total agency MBS issuance in the third quarter.

Fannie’s MBS holdings spiked to $54.65 billion as of the end of the month.

“The council is working with member agencies to consider where aspects of the U.S. financial regulatory framework impose undue burdens and where they harm economic growth, thereby undermining financial stability,” Scott Bessent, secretary of the Treasury Department, said of the Financial Stability Oversight Council.

“There is no investigation into Bill Pulte,” wrote Pam Bondi, U.S. attorney general.

Among the 10 largest sellers, GSE volume increased on a monthly basis outside of the top three firms.

Interest rates on mortgages are expected to remain in a narrow band in the next few years.

Fannie and Freddie issued separate updates aimed at identifying and preventing fraud in mortgage transactions.

The issuance looks to have been prompted by a joint venture SG Capital formed earlier this year known as Hillgrowth Acquisition.

The average combined LTV ratio for loans in the pending $365.0 million MBS from Citi is 82.8%.

Agency MBS issuance in November hit a level last seen in August 2022 at the tail end of the pandemic-driven mortgage boom.