Fun fact: Banks continued adding MBS to their portfolios even though they had to write down the value for most of their holdings.

Moody's had raised concerns about the concentration of “wet loans” in the securitizations...

In April, the top three GNMA issuers were PennyMac Financial, Freedom Mortgage and Rocket Mortgage...

Broeksmit said MBA “strongly favors a robust private market"...

The non-agency CMBS sector took the biggest hit...

AGNC owned $47.2 billion of MBS, down 9.6% from yearend and off a bloodcurdling 25.4% from the same period a year ago.

Angel Oak held $2.7 billion of product on its books at March 31, including non-QM whole loans and investments tied to MBS.

All of the top 10 GSE sellers saw their deliveries decline both sequentially and year to date.

April MBS issuance volume, which reflects originations, was the lowest monthly output since March 2020, just before the Fed launched a historic surge in refi activity.

MFA was holding whole loans with an average unpaid principal balance of $8.3 billion at the end of March.