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.

Thousands of loans were prematurely removed from Fannie MBS, Mega and Super pools with a financial impact that could approach $2 billion.

The volume of loans delivered to Fannie Mae and Freddie Mac declined by 23.0% from January to February. The sequential decline seems to be a result of the 18% hike in conforming loan limits. (Includes two data charts.)

The Federal Reserve will close on an era this week, ending its pandemic policy of net asset purchases and preparing for a runoff of agency MBS.

Fannie economists demonstrate that mortgage expenses only account for about 30% of homeownership costs, with g-fees accounting for just a small fraction of that.

Who will take up the slack when the Fed is no longer the dominant buyer in the MBS market?