In 3Q19 – the first full quarter under the new UMBS regime – the Freddie discount fell to just 1 basis point…

Both the FHA and VA sectors saw declining securitization volume, but the VA took the bigger hit, a 12.1% drop from October.

While production at the two government-sponsored enterprises rose a combined 6.7% for the month, hitting $117.55 billion, Ginnie issuance was off 7.3% from October.

Renzi spent a large chunk of his career at GMAC, finishing his 23-years there as COO of ResCap and president of the mortgage division. He followed that up with a couple years as Freddie’s executive vice president for its single-family business.

According to data from state regulators, the largest nonbanks in the mortgage space have approximately four times as much debt as equity.

Bank ABS holdings drifted lower in every sector except one: the nebulous “other” category.

Table-funding increased by 16.7% from the second quarter, hitting an estimated $98 billion in the most recent period. That’s a healthy increase and represented the strongest quarter for broker production since early 2008…

CSS is the platform created by the GSEs to develop the uniform MBS, the common security now used by the two mortgage giants...

In a recent report, Fitch Ratings noted that shortfalls can occur when a mortgage is prepaid before the end of the month, causing only a partial collection of the interest owed by the borrower...

In September, MBS trading came in at a mouthwatering $280.0 billion, the best showing of 2019.