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?

Freddie’s new When-Issued certificates come with a couple special conditions.

The central bank outlined plans to reduce the size of its balance sheet. It’s still unclear what impact it will have on the mortgage and MBS markets.

Some delinquent loans have been removed from MBS trusts before completing their modification trial periods.

With volumes down slightly for the quarter, depositories experienced a slight increase in their market share. But nonbanks still account for more than 68% of total GSE loan sales. (Includes two data charts.)

Fed Chair Jerome Powell told the Senate Banking Committee that the central bank could begin to reduce its portfolio of Treasuries and mortgage bonds later this year.