Investors appear increasingly reluctant to sell their credit-risk transfer notes back to the enterprises at the prices Fannie and Freddie are offering.

The 2017 revisions to Basel III may impact the capital treatment of securitizations, but not before 2025.

Interest rates keep falling but has a trough been reached? And if so, have REITs been bottomfishing in conventional MBS? Also, what’s the outlook for 2023 in terms of capital raises?

Fannie and Freddie recommend the CFPB amend the qualified mortgage rule so that more borrowers, particularly those with small-balance loans, are eligible for refinancing.

Private mortgage insurers benefit from recurring revenue from insurance-in-force, which makes declines in originations less problematic.

Despite the outreach, borrowers will still be subject to a 50% debt-to-income ratio cap...

In the fourth quarter of 2020, the GSE market share peaked at 64.0%.

NAMB also believes the timing of the increase is poor...

Fannie and Freddie combined to issue just $48.42 billion of single-family MBS in November, a 19.5% decrease from October. Year to date, volume was down 54.1%. (Includes two data charts.)

If the nation goes into recession, paper losses on Treasuries and MBS may deprive small community banks from accessing critical FHLBank advances.