The Fannie Mae/Freddie Mac measurement came in at 6.07%, down 11 bps, the fifth consecutive decline.

Roughly $8.04 billion of non-agency MBS backed by new production was issued in the second quarter, down 39.0% from the first three months of the year.

Velocity sold two unrated MBS in recent months and now plans to focus on restarting originations.

Fannie, Freddie and Ginnie issued a combined $742 billion of single-family MBS in the second quarter, smashing a record set back in 2003, the mother lode for mortgage business.

Record-low mortgage interest rates powered a surge in refinance activity in agency mortgage-backed securities platforms during the second quarter of 2020, according to a new Inside Mortgage Trends analysis.

DBRS Morningstar edged out Kroll Bond Rating Agency as the top firm in rating non-agency MBS in the first three months of the year.

“CRT secondary markets have remained open throughout this crisis,” Freddie Mac's Mike Reynolds told Inside Mortgage Finance. “They were dramatically impacted by the COVID liquidity technical, as all markets were, but I think its important for your readers to know that trading still occurred."

Refinance activity continued to drive Fannie/Freddie MBS issuance, but purchase-mortgage activity has still not caught fire...

Although the outlook for mortgage-investing REITs has improved since the Fed began buying agency MBS in March, it has not necessarily been evident in their dividends.