An industry survey commissioned by VantageScore shows more support for a FICO alternative than previously thought.

Trade groups are resigned to whatever model FHFA chooses, but they need data on how it performs compared to FICO to set up their own systems and procedures.

With their unguaranteed subordinate tranches, the K-series was the first enterprise security to transfer credit risk to private investors.

The FOMC intends to cut its securities holdings by $523 billion by the end of the year.

Freddie disclosed that prepayments on mortgages in 50,000 pools were sometimes not passed through to bondholders.

Fannie and Freddie issued CRT on a record $1.052 trillion in UPB in 2021. That’s despite Fannie staying away for the first three quarters.

Megabanks topped the list of GSE servicers in the first quarter of 2022, but they continued to lose market share to nonbank servicers. (Includes two data charts.)

The industry veteran asks: If the GSEs lose their largest buyer, where will the money come from to support the 30-year, fixed-rate mortgage?

Economists use risk-based models of future GSE cash flows to calculate costs of the government’s backing of catastrophic losses.

The FOMC may take significant losses if it opts to sell its low-coupon agency MBS but soaring inflation may make it do so anyway.