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.)

In addition to a couple of traditional K-deals, Freddie Mac offered sustainability bonds and deals based on supplemental loans and small-balance loans.

If the GSEs’ margins from the first three quarters of 2020 hold, Fannie Mae and Freddie Mac could earn combined profits of $19.9 billion for the year.

An endorsement from international ESG ratings firm Sustainalytics could whet investors’ appetite for Fannie Mae’s social and green MBS offerings.

Fannie financed $76 billion through its Delegated Underwriting and Servicing program, while Freddie pumped out $82.5 billion in loan purchases and guarantees.

Independent mortgage bankers accounted for a stunning 70% of single-family loans securitized by Fannie and Freddie during the fourth quarter. In a record-smashing year for both GSEs, Freddie boosted its share of the market. (Includes two data charts.)

The program has accounted for a cumulative savings of 827 million gallons in water consumed and 152 million kilo-BTUs in energy savings.