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Volume 2014 - Number 9

March 7, 2014

Downloads Available: Agency MBS Trends by Month - February 2014

Downloads Available: Top Agency MBS Issuers - February 2014

Agency MBS Production Hits 9-Year Low in February, Year-to-Date Issuance Off Sharply

New production of single-family MBS by Fannie Mae, Freddie Mac and Ginnie Mae fell for the tenth consecutive month in February, hitting a low that hasnít been seen since well before the financial crisis and housing recession. The three agencies produced just $64.34 billion in single-family MBS during February, a 6.1 percent drop from the previous month, according to a new Inside MBS & ABS ranking and analysis. That was the lowest monthly agency MBS issuance since March 2005, when new issuance totaled just $64.09 billion. In those days, non-agency MBS issuance substantially exceeded agency production, and a monthís worth of new jumbo, subprime and Alt A deals ($89.41 billion in March 2005) represented about three years of new issuance in todayís market. The first two months of 2014 generated...[Includes two data charts]

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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.



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With originations expected to drop in 2018, will your shop turn to non-QM/non-prime mortgage products as a way to bolster volumes?

Yes, definitely. We’re planning a launch.


No. It’s still difficult compliance/regulatory-wise.


Maybe. It’s under consideration.


Not now. But things could change as 2018 progresses.