If the GSEs are released from conservatorship, some participants in the agency MBS market insist the to-be-announced market, uniform MBS and Fannie/Freddie CRT activity should remain untouched.

The Trump administration is likely to take actions that will reduce regulation for the MBS and ABS markets. Industry participants are working to shape the actions while also staying nimble.

Public disclosure of credit-risk transfer issuance by banks is limited, but investor demand looks strong and activity is likely to increase.

A bankruptcy could impact the firm’s outstanding securitizations, including forced replacements of the transaction manager/servicer.

The market share for non-agency jumbos held steady in 2024 while agency high-balance business surged. Some $53.83 billion of mortgages with balances above the baseline conforming loan limit flowed through the agencies in 2024. (Includes three data tables.)

MSR buyers believe that there will be plenty of supply of the asset this year as mortgage originators face difficulties from high interest rates. UWM, the largest lender in the industry, is willing to sell if the price is right.

Mortgage applications increase, led by refinances; three M&A transactions involving lenders/branches; home price appreciation trends.

Goldman issued a similar deal with home equity lines of credit in October.

Sen. Elizabeth Warren, D-MA, said responses to her questions from both Jonathan McKernan, nominee to lead the CFPB, and Bill Pulte, nominee to lead the FHFA, were disqualifying.

Rep. Mike Flood, R-NE, pointed to regulations (largely at the state/local level) and the cost of materials as the main drivers limiting the supply of homes for sale.