The structured finance market produced $396.17 billion of new issuance in the third quarter, down 4.5% from the second quarter.

“The only kind of new supply coming out of the market in any scale is ground-up construction or refreshed housing products,” said Steven Trowern, the founder and principal of Temple View Capital.

Buydowns are concentrated on GSE mortgages with coupons of between 5.0% and 6.5%...

The top three issuers of non-agency MBS in 3Q23: JPMorgan Chase, Onslow Bay Financial and Invictus Capital...

Mortgage lenders delivered $282.16 billion of first-lien home loans into the agency secondary market during the third quarter of 2023, a modest 2.3% increase from the prior period, according to a new ranking and analysis by Inside Mortgage Finance.

After FHFA finishes a review of the Federal Home Loan Bank system, the agency will issue at least one proposed rule with reforms.

REITs that invest in MBS likely have been getting margin-called from repo lenders.

Banks and thrifts held $44.06 billion of mortgages for sale as of the end of June, up 8.1% from the end of March.

Rate locks were down across mortgage products in September, including a large drop in cash-out refis.

Chase increased the agency MBS in its trading accounts by $11.20 billion during the second quarter, boosting its total to $86.52 billion.