Because this would technically be a new product, it’s subject to FHFA approval and requires a 30-day public notice period.

Better couldn’t meet Fannie’s financial eligibility requirements due to a “decline in profitability and material decline in net worth.”

Applications increased even as interest rates rose.

The volume of conforming jumbos included in Fannie Mae and Freddie Mac MBS increased by 8.0% to $6.05 billion in the first quarter.

The offering from Chase's conduit is the largest jumbo MBS from the conduit since 2022. And Chase is doubling up, with a separate deal stocked with mortgages originated by the bank.

Fun fact: Expanded-credit deals were the biggest source of new issuance in the first quarter...

At the end of March, some 11.1% of agency single-family servicing had coupons over 6.0%, up from just 3.1% a year ago.

There's a disconnect between inflation readings and reactions to the figures, according to Sam Khater, chief economist at Freddie Mac.

Larger lenders remain the most affected by the decline in sales.

The goal might be to slow the runoff by allowing less Treasury redemptions each month but allowing MBS to run off at their natural pace.