Since the Federal Open Market Committee ostensibly began to let them run off on June 1, SOMA’s holdings of agency MBS have increased by $20 billion.

FHFA says the new committee will provide greater transparency on policy and give shareholders more input on matters related to affordable, equitable and sustainable housing.

Ian Ouwerkerk, who began running multifamily underwriting and credit for Freddie on an interim basis in the first quarter, has been promoted permanently to the job.

Before the pandemic, lenders sold their MSR 80% of the time but after COVID, they retained 70% of their MSRs. Now, the split is 55/45.

Different modification rates for commercial MBS and bank lending affect loan terms for borrowers and delinquency rates.

One analyst believes the rule change has already contributed to further widening of spreads for Ginnie securities over Treasuries.

Ginnie spreads over Treasuries have widened in the wake of the newly announced capital and liquidity requirements for nonbank servicers.

Members of the new panel will be chosen by the FHFA director...

The new benchmarks are based on the percentage of affordable units, rather than the absolute number...

Fannie Mae said it’s still working with Freddie and the FHFA to  “assess the impact" of the incident...