Ginnie ranked as the top agency MBS issuer in February for the sixth month in a row. A tweak in the agency's RPL pooling policies helped. (Includes two data charts.)

The FHA gained share in the first-time buyer market during the fourth quarter even though its average loan amounts were up slightly. Rising mortgage rates led to higher debt burdens across the market. (Includes four data charts.)

FHFA's plans to reduce the fee on commingled securities from the GSEs followed another quarter with limited commingling.

The GSEs issued $192.18 billion of Supers in the fourth quarter, a 65.5% boost from the previous period...

Bank holdings of ABS backed by auto loans and financing for businesses rose solidly in the fourth quarter, offsetting declines in consumer and credit card securitizations. (Includes two data charts.)

Freddie Mac saw a big fourth-quarter increase in Supers issuance that appeared to make up for lost ground earlier in the year. All three agencies posted declines in new REMIC production in the fourth quarter. (Includes two data charts.)

Retail typically thrives in heavy refinance markets but that's not where we were in 4Q...

Third-party originators typically do better in strong purchase-mortgage markets, which was apparent again in the fourth quarter of 2022. (Includes six data charts.)

Note: It doesn’t appear that banks are selling MBS in any grand way.

Private MI and VA saw the biggest declines during the period.