JPMorgan Chase, Citi and Morgan Stanley are among the banks whose client data may have been exposed.

Credit-risk transfer activities at Fannie Mae and Freddie Mac wobbled in the second quarter after a modest increase in the first three months of 2025. Issuance fell for STACRs but not for CAS notes. (Includes data table.)

Morgan Stanley acquired a portion of the failed Signature Bank’s multifamily loans in March. Many of the loans differ in structure from the typical loans that go into commercial MBS.

For the sixth straight quarter, CAS issuance at Fannie Mae exceeded STACR issuance at Freddie Mac. Overall CRT issuance by the GSEs was down 18.0% in the second quarter. (Includes data table.)

The Federal Reserve, FHFA, large banks and the GSEs are all struggling to model the future impact of climate change, both on their specific businesses and on the broader economy.

The Morgan Stanley veteran will oversee technology and operations at the mortgage giant starting in May.

Despite an uptick in GSE CRT issuance in the fourth quarter, 2023 volume remained well below the level seen in 2022. (Includes data table.)

A decline in expanded-credit MBS activity led to an overall drop in non-agency MBS issuance in the fourth quarter of 2023, while prime non-agency MBS rebounded to close out the year.

First-lien mortgage portfolio holdings at banks and thrifts increased by 0.8% from June to September. (Includes data table.)

The issuance, sized at $342.0 million, received preliminary AAA ratings from Fitch Ratings and Kroll Bond Rating Agency.