More than $13.0 billion of non-agency mortgages traded on Maxex’s trading platform in the first 11 months of the year. In all of 2019, $2.7 billion of non-agency product traded on the exchange…
In case you’re keeping track, Treasury (since the historic takeovers 12-plus years ago) has pumped $191.4 billion into the Fannie/Freddie machine but received $301.1 billion back in the form of dividends.
MBA: “Compared to the last two months, more homeowners exiting forbearance are using a modification – a sign that they have not been able to fully get back on their feet, even if they are working again.”