Many top agency MSR investors saw big gains in their portfolios during the second quarter, thanks to one of the busiest secondary markets in recent memory. (Includes two data charts.)
Freddie recorded the biggest decline in the agency market, while Ginnie dodged the worst of the downturn. Agency multifamily MBS issuance was up, however, as was non-mortgage ABS production. (Includes three data charts.)
Rising mortgage interest rates are crushing the refinance market and creating headwinds for a struggling housing market. Agency single-family business in the second quarter sank to a three-year low. (Includes two data charts.)
The share of high-balance loans and mortgages on second homes sold to the GSEs fell significantly in April, when Fannie and Freddie raised loan-level price adjustments for these loans. (Includes three data charts.)