July marked the third straight month of declines in the government-sponsored enterprises’ MBS holdings.

Ginnie guaranteed $49.44 billion of MBS in August, a 3.0% decline from July. Refinance volume declined 13.6% during the period, while purchase-mortgage volume held steady at 0.2%.

Two prime agency-eligible deals have begun marketing.

The trade group seeks industry comment on a plan to centralize data on the loans collateralizing both agency mortgage-backed securities and non-agency MBS.

“Next week’s [Fed] meeting will be key, as the inflation and economic outlook will help shape the path of rates and homebuyer demand,” said Bob Broeksmit, president and CEO of the Mortgage Bankers Association.

Fannie Mae and Freddie Mac are essentially subtracting 20 points from a VS4 score, then applying the Classic FICO LLPAs to the loan.

Repurchases increased by 16.5% from the first quarter.

It’s the first jumbo MBS to top $1.0 billion since 2022.

The GSEs will disclose scores from FICO and VantageScore for their mortgage-backed securities, credit risk transfer transactions and other securitization activity.

PNC Bank, now the top FHLBank borrower, ended the second quarter with $40.42 billion in outstanding advances, more than doubling its total from the end of March.