Out of the $3.158 trillion unpaid principal balance in Fannie’s population of outstanding MBS, $201.3 billion would be eligible for a refi under the new program.

Fannie continues to cut the size of its retained mortgage portfolio.

The program will be rolled out to GSE borrowers with incomes at or below 80% of a geographic area’s median income. One stipulation: no more than one missed payment in the past 12 months.

Fannie and Freddie hope to repeat their success with green multifamily MBS on the single-family side of the business. They’re also expanding their ESG offerings into social and sustainable bonds.

Federal Reserve Bank of New York economists look for ways to improve the market-making capacity of prime dealers for agency MBS.

The GSEs will provide investors with new loan-level and security-level data beginning June.

The Fed and commercial banks purchased a combined $1 trillion in agency MBS over the past 12 months, more than 145% of the net supply. (Includes data chart.)

None of these new securitizations are expected to include loans with temporary payment forbearance like that used for pandemic relief.

The Federal Reserve Bank of New York diversifies its roster of counterparties that support the purchase of agency CMBS.

Spikes in amortization income, guarantee-fee income and credit-related expenses are all closely tied to the government’s intervention in the coronavirus crisis. (Includes data chart.)