Recent Treasury Department figures show foreign holdings of agency MBS grew by $42.9 billion from March to June…

Freddie Mac declined to say how much credit it had extended under the pilot, though a spokesman said it was under $1 billion. 

Combined, Fannie Mae, Freddie Mac and Ginnie Mae accounted for 63.0% of total home mortgage debt outstanding at the end of June.

When it comes to MBS guarantees, it would be a pay-as-you-go system...

Investors are flocking to non-QM MBS and losses on the deals have been essentially non-existent. However, some large firms continue to hold out for better protections.

The publicly traded Impac is based in Irvine, CA. Its share price is currently at $7.34, more than double what it was in June. Donatacci will split his time between California and New York.

Some are calling for the GSEs’ automated underwriting systems to be used after the QM patch expires to determine whether a mortgage is a QM.

Brian Herr of Medalist Partners: “Some of the more bespoke, esoteric markets won’t be so bespoke or esoteric going forward.”

Three large nonbanks led the pack in GSE buybacks during the second quarter: Quicken Loans, Caliber Home Loans and loanDepot…

Read the tea leaves: Just 56.4% of second-quarter loan originations have been pooled in MBS. In recent years, the overall securitization rate has run at about 70%.