Fannie Mae and Freddie Mac had $182.3 billion in mortgage holdings (measuring mortgage-backed securities and loans) at the end of the third quarter.

The 10-year opened the day at 4.258% and spiked to nearly 4.50%.

Non-agency MBS is offering better execution, in some instances, than the GSEs for investment-property mortgages.

Ultimately, Fitch's long-term issuer default rating on Finance of America went from C to CCC.

Ginnie initially planned on implementing the capital requirements at the end of 2023, along with other reforms.

The issuance is linked to HELOCs that have seasoned for an average of 28 months.

Sam Khater, chief economist at Freddie Mac, suggested that interest rates on mortgages could level off soon.

Sam Valverde, acting president of Ginnie Mae, noted that Ginnie and the Department of Veterans Affairs have policies in place to prevent refis that don’t benefit borrowers and they will continue to watch for “abnormal” refi activity.

Annaly Capital Management’s Onslow Bay Financial remained the top issuer of expanded-credit MBS in the third quarter.

The REIT is off slightly from its pace in the second quarter. However, executives are optimistic that rising product demand and bank partnerships should continue to spur growth.