Fun fact: January’s new issuance was more than double the total produced in the first month of 2019.

The GSE regulator said its expects SOFR ARMs to be delivered in the second half of 2020...

The fourth-quarter burst of CRT issuance represented a 70.7% increase from the prior period…

Despite the slippage, Wells and JPM still rank first and second, respectively, in agency servicing…

“The next major milestone for FHFA is the re-proposal of the capital rule, which will happen in the near future,” said FHFA Director Calabria.

Nonbanks took huge strides in GSE servicing as well: Their combined portfolio rose 10.4% from 2018 to $2.009 trillion…

Among the more interesting changes: the FHFA, for the first time ever, is asking GSE customers to hold capital against the dollar amount of Ginnie Mae mortgages they service: 35 basis points.

Valentin joins the government agency from Compass Point Research and Trading Group where he served as managing director/equity research analyst.

Quicken entered the market as an issuer of prime non-agency MBS in October of last year.

The new model could prove more attractive to portfolio and jumbo lenders who sell their loans into non-agency MBS…