BHC holdings of agency MBS jumped 17.6% during the third quarter...

Securitization rates ran unusually high in 2020 and 2021 because of the epic wave of agency-bound refis...

The prime non-agency market took a disproportionate decline in securitization rate during the third quarter, while the government-insured sector was relatively unscathed. (Includes data chart.)

Bank holding companies reported an increase in agency MBS held in trading accounts in the third quarter, plus smaller gains in CMBS and ABS. (Includes data chart.)

Top 100 lender production was down 22% in the third quarter, as were credit union originations. Total nonbank originations and retail lending through bank lending platforms fell 23%. (Includes two data charts.)

The data suggest that more GSE business met various social criteria up until the historic binge in refinancing activity in 2020. (Includes data chart.)

New rules from the FHFA require Fannie and Freddie to hold more capital for commingled Supers...

The worst of all time (WOAT) was 2007, from which sellers repurchased 7.40% of GSE issuance.

Seller repurchases from Fannie/Freddie MBS continued to climb in the third quarter, although the pipeline of unresolved claims declined a bit. A third-party study shows the critical-defect rate was down slightly in early 2022 as lenders grapple with a challenging market. (Includes three data charts.)

For many homeowners, their current mortgage rate is too valuable (low) to give up...