The Fed’s System Open Markets Account had $2.181 trillion of agency single-family MBS as of April 2, a 2.0% decline from year-end.

Notable: There was, however, an increase in the volume of unresolved buyback claims.

Seller buybacks of defective loans declined in the first quarter of 2025, and the GSEs also reported an increase in withdrawn claims. The pipeline of unresolved cases was up. (Includes three data tables.)

Insurance companies, pension funds and bank holding companies grew their agency MBS holdings substantially in the first quarter. Most of the market’s growth was in Ginnie and non-agency MBS. (Includes two data tables.)

The analysis tracks holdings through March 2025. Several REITs subsequently reduced their holdings amid volatility on tariff policies.

REIT holdings of agency MBS reached a four-year high in the first quarter of 2025, but financial market turmoil spurred some companies to pull back in April. (Includes two data tables.)

Bank holding company trading accounts showed a 21% surge in residential MBS during the first quarter, mostly involving agency MBS holdings among the largest institutions. (Includes two data tables.)

Rithm Capital eked out a $28.9 million profit on servicing in the first quarter, but that was down by more than $1 billion from the prior period.

Income from production and servicing fell in the first quarter, but not by as much as origination volume. The MBA reported fewer firms were profitable than in the previous period. (Includes data tables.)

Ginnie Mae saw the biggest gain in rate-term refinance volume in May, but Freddie Mac and Fannie Mae posted larger increases in overall single-family MBS issuance. (Includes two data tables.)