Overall, 2020 was the strongest trading year since 2010...

Chase is set to issue one of the largest post-2010 prime non-agency MBS with new production while Credit Suisse has a smaller non-QM deal with somewhat seasoned mortgages.

Some $7.29 billion of non-agency MBS was issued during the fourth quarter, down 41.5% on a sequential basis.

In January of last year, the flow of VA loans into Ginnie MBS exceeded the volume of FHA loans, a trend that culminated in December, when VA accounted for 57.0% of monthly issuance.

For all of 2020, non-agency MBS issuance totaled $90.23 billion, down 20.0% from the year before...

The facility allows for originations of jumbo mortgages along with conforming loans.

Even though there was no official announcement, that policy expired on December 31.

Depository institutions saw their combined agency servicing shrink 2.5% from the third to the fourth quarter, squeezing their share of the market to 42.2%.

Margin compression could come at an inopportune time for nonbanks seeking to go public...