The share of specified pools of GSE MBS increased from 40.7% in 2023 to 44.4% last year.

The February lull is a common seasonal occurrence.

Originations of agency high-balance mortgages increased by 48.6% to $53.83 billion in 2024.

The Mortgage Bankers Association is eager to see McKernan and Pulte confirmed.

A portfolio manager said if agency MBS investors aren’t kept in mind during the GSE reform process, the changes could hit investor demand for GSE MBS, having a negative impact on homebuyers.

Most of the fourth-quarter activity came from the Federal Reserve’s efforts to enhance its holdings of Freddie Mac paper.

The first Trump administration didn’t take many actions to boost the non-QM market, so the outlook is murky.

HUD has no oversight authority over the GSEs, but it looks as though the HUD secretary will have a seat at the restructuring table.

Government-insured lending and nonconforming mortgages took share from the conventional-conforming market in 2024.

“Any time you can take risk away from the taxpayers and give it to the private market is a win,” he said.