Ginnie single-family MBS issuance rose 12.8% from July to $50.41 billion, the highest monthly production figure since September 2016. (Includes two data charts.)
Commercial banks, foreign investors and mortgage REITs all posted big increases in MBS holdings as net new issuance continued to grow and the Fed pared its holdings. (Includes two data charts.)
Banks and thrifts reported substantial growth in their retained home mortgages, including a surge in ARM holdings. Freddie was the fastest-growing MBS market.
Seller repurchases of Fannie/Freddie loans rose 17% from the first to the second quarter, with 82% of them related to loans securitized in 2018 and 2019.
Roughly 30% of mortgage originations in 2018 were sold by lenders to an unaffiliated buyer. Correspondent activity was strongest in the government-insured market.