https://www.insidemortgagefinance.com/rss en-us jbancroft@imfpubs.com Agency single-family MBS issuance rose 11% from the first to the second quarter, and midyear production was up 28% from 2025. But the refinance business is running out of gas and purchase-mortgage volume was flat compared with the first six months of last year. (Includes three data tables.) http://www.insidemortgagefinance.com/articles/237926 Thu, 09 Jul 2026 16:35:00 -0400 https://www.insidemortgagefinance.com/articles/237926-mbs-abs-issuance-rises-in-2q26-but-momentum-stalls dhollier@imfpubs.com While FICO and VantageScore debate whose new credit score model performs best, industry insiders say the transition to new scoring models may take years. http://www.insidemortgagefinance.com/articles/237941 Thu, 09 Jul 2026 16:32:04 -0400 https://www.insidemortgagefinance.com/articles/237941-gses-release-historical-fico-10t-data dhollier@imfpubs.com In May, the combined retained mortgage portfolios of Fannie Mae and Freddie Mac saw their first monthly decline in more than a year. http://www.insidemortgagefinance.com/articles/237927 Thu, 09 Jul 2026 16:31:52 -0400 https://www.insidemortgagefinance.com/articles/237927-gses-end-mbs-buying-spree bivey@imfpubs.com SFA and other trade groups are seeking major changes to the re-proposed bank capital requirements. MBA raised concerns that non-agency MBS would receive more favorable capital treatment than GSE MBS. http://www.insidemortgagefinance.com/articles/237839 Thu, 25 Jun 2026 16:24:43 -0400 https://www.insidemortgagefinance.com/articles/237839-securitization-players-seek-changes-to-capital-proposal dhollier@imfpubs.com Most analysts say that higher inflation means rate cuts are off the table for Fed Chair Kevin Warsh, even though President Trump still says he still wants lower rates. http://www.insidemortgagefinance.com/articles/237837 Thu, 25 Jun 2026 16:19:47 -0400 https://www.insidemortgagefinance.com/articles/237837-assessing-warshs-first-fomc-meeting bivey@imfpubs.com More than 90% of expanded-credit mortgage production went into MBS in the first quarter of 2026. (Includes data table.) http://www.insidemortgagefinance.com/articles/237848 Thu, 25 Jun 2026 16:16:45 -0400 https://www.insidemortgagefinance.com/articles/237848-securitization-rate-for-mortgages-rebounds-in-1q dhollier@imfpubs.com A property law expert said securitizing real property interests encourages home price inflation. http://www.insidemortgagefinance.com/articles/237830 Thu, 25 Jun 2026 16:12:00 -0400 https://www.insidemortgagefinance.com/articles/237830-the-case-against-mbs dhollier@imfpubs.com Urban Institute researchers say the mortgage industry will experience slightly better capital treatment as a result of the changes to the Basel III Endgame, but they recommend some improvements. http://www.insidemortgagefinance.com/articles/237787 Thu, 18 Jun 2026 11:06:00 -0400 https://www.insidemortgagefinance.com/articles/237787-rejiggering-the-basel-re-proposal dhollier@imfpubs.com Economists note that the pricing of mortgage credit risk depends not only on the quality of the underlying mortgages but also on who ultimately bears that risk. http://www.insidemortgagefinance.com/articles/237776 Thu, 18 Jun 2026 11:03:00 -0400 https://www.insidemortgagefinance.com/articles/237776-mutual-fund-investment-in-crt-reduces-spreads jdohnert@imfpubs.com The automated AI trade included a $3 million to-be-announced deal that went to a competitive auction across all dealers, and two $500,000 trades that were routed to dealers selected by Pike Creek Mortgage. http://www.insidemortgagefinance.com/articles/237725 Thu, 11 Jun 2026 17:04:00 -0400 https://www.insidemortgagefinance.com/articles/237725-mct-leverages-ai-to-execute-tba-trades bivey@imfpubs.com GSE MBS investors were frustrated with limited communication from the Trump administration even before FHFA Director Bill Pulte was named acting director of national intelligence this week. The appointment prompted more speculation about the future of the GSEs. http://www.insidemortgagefinance.com/articles/237666 Thu, 04 Jun 2026 18:07:00 -0400 https://www.insidemortgagefinance.com/articles/237666-gse-mbs-investors-looking-for-guidance-from-trump dhollier@imfpubs.com Although President Trump directed the GSEs to purchase an additional $200 billion in agency MBS, they do not appear to be on track to accomplish that by year end. http://www.insidemortgagefinance.com/articles/237663 Thu, 04 Jun 2026 18:06:00 -0400 https://www.insidemortgagefinance.com/articles/237663-gse-mbs-acquisitions-slower-than-expected dhollier@imfpubs.com The voluntary scope aims to standardize practices among due diligence reviewers and also prevent a “race to the bottom.” http://www.insidemortgagefinance.com/articles/237577 Thu, 28 May 2026 16:08:39 -0400 https://www.insidemortgagefinance.com/articles/237577-sfa-simplifies-trid-compliance-review-for-home-equity-loans jbancroft@imfpubs.com Fannie saw a slightly bigger increase in Supers issuance than Freddie did in the first quarter. Ginnie Platinum issuance was down, but the agency led the way in CMO production. (Includes two data tables.) http://www.insidemortgagefinance.com/articles/237570 Thu, 28 May 2026 16:06:00 -0400 https://www.insidemortgagefinance.com/articles/237570-supers-platinum-agency-cmo-volume-up-in-1q26 dhollier@imfpubs.com A Federal Reserve economist estimates that a one-percentage-point steepening of the yield curve reduces the spread between mortgages and the 10-year Treasury yield by 40 basis points. http://www.insidemortgagefinance.com/articles/237579 Thu, 28 May 2026 16:00:56 -0400 https://www.insidemortgagefinance.com/articles/237579-the-mechanics-of-mortgage-spreads dhollier@imfpubs.com MBS investors are likely to charge a pay-up for securities backed by mortgages underwritten with VantageScore — at least until they’re confident prepayment speeds won’t accelerate. http://www.insidemortgagefinance.com/articles/237549 Thu, 21 May 2026 16:43:58 -0400 https://www.insidemortgagefinance.com/articles/237549-secondary-market-implications-of-new-credit-scores dhollier@imfpubs.com New Fed Chair Kevin Warsh has long criticized the size of the Fed’s balance sheet, in particular, its massive holdings of agency MBS. http://www.insidemortgagefinance.com/articles/237539 Thu, 21 May 2026 16:25:29 -0400 https://www.insidemortgagefinance.com/articles/237539-what-does-warsh-mean-for-the-mbs-market jbancroft@imfpubs.com Rocket Mortgage was the top seller-issuer in April thanks to a 24% jump in monthly volume, while UWM slipped to second place. Newrez, Chase and Onity all posted big gains from March. (Includes two data tables.) http://www.insidemortgagefinance.com/articles/237385 Thu, 07 May 2026 17:30:00 -0400 https://www.insidemortgagefinance.com/articles/237385-agency-1-fam-mbs-issuance-hits-four-year-high-in-april dhollier@imfpubs.com FICO’s CEO argued that VantageScore isn’t gaining much traction in the MBS and ABS markets, and that the only way the score will take share with GSE mortgages will be if lenders game the system. http://www.insidemortgagefinance.com/articles/237410 Thu, 07 May 2026 17:27:19 -0400 https://www.insidemortgagefinance.com/articles/237410-fico-vs-vantagescore-the-gloves-come-off dhollier@imfpubs.com Policies put in place during the pandemic prevent many small banks and credit unions from selling small-balance loans to the GSEs, which constrains mortgage lending in rural and low-income communities. http://www.insidemortgagefinance.com/articles/237415 Thu, 07 May 2026 16:25:29 -0400 https://www.insidemortgagefinance.com/articles/237415-how-the-gses-can-boost-sbls dhollier@imfpubs.com Even with strong earnings the GSEs are making little progress on meeting stringent capital levels set during the first Trump administration. http://www.insidemortgagefinance.com/articles/237425 Thu, 07 May 2026 16:21:35 -0400 https://www.insidemortgagefinance.com/articles/237425-capital-shortfalls-unaffected-by-gse-profits dhollier@imfpubs.com For MBS investors, the biggest complication in the GSEs’ implementation of VantageScore 4.0 is likely loan-level pricing adjustments. http://www.insidemortgagefinance.com/articles/237332 Thu, 30 Apr 2026 17:50:35 -0400 https://www.insidemortgagefinance.com/articles/237332-vantagescore-impact-on-mbs-market-likely-minimal dhollier@imfpubs.com Fannie Mae expanded its portfolio by adding both whole loans and MBS, while Freddie Mac cut whole loans as it added MBS. http://www.insidemortgagefinance.com/articles/237339 Thu, 30 Apr 2026 17:50:33 -0400 https://www.insidemortgagefinance.com/articles/237339-gse-portfolio-strategies-diverge bivey@imfpubs.com The value of agency MBS declined sharply following the start of the war with Iran. More recently, volatility has declined, prompting some major agency MBS investors to see continued promise in the assets. http://www.insidemortgagefinance.com/articles/237283 Thu, 23 Apr 2026 16:12:30 -0400 https://www.insidemortgagefinance.com/articles/237283-agency-mbs-investors-looking-past-iran-volatility bivey@imfpubs.com Fannie Mae and Freddie Mac appear to be buying more MBS at times when spreads widen. They’re also hedging the purchases with interest rate swaps, according to industry participants. http://www.insidemortgagefinance.com/articles/237295 Thu, 23 Apr 2026 16:09:33 -0400 https://www.insidemortgagefinance.com/articles/237295-gses-seen-as-opportunistic-buyers-of-agency-mbs dhollier@imfpubs.com The Treasury Market Practices Group released a white paper identifying how a change in the ownership structure of Fannie Mae and Freddie Mac could impact the broader financial markets. http://www.insidemortgagefinance.com/articles/237199 Thu, 16 Apr 2026 16:06:51 -0400 https://www.insidemortgagefinance.com/articles/237199-federal-reserve-group-weighs-risks-of-gse-reform dhollier@imfpubs.com Combining machine learning techniques with more traditional accounting is making it possible to predict both whether a loan will prepay and when. http://www.insidemortgagefinance.com/articles/237170 Thu, 16 Apr 2026 16:02:28 -0400 https://www.insidemortgagefinance.com/articles/237170-modeling-prepayment-risk-with-ml dhollier@imfpubs.com A recent paper co-authored by Federal Reserve Governor Stephan Miran identifies several policy changes that would allow the Fed’s SOMA to be reduced by up to $2.13 trillion. http://www.insidemortgagefinance.com/articles/237167 Thu, 09 Apr 2026 16:01:58 -0400 https://www.insidemortgagefinance.com/articles/237167-miran-touts-balance-sheet-reduction jbancroft@imfpubs.com S&P was the top ABS rating service in the fourth quarter and finished narrowly behind Fitch for all of 2025. Kroll held the top spot in MBS ratings for the year despite a strong challenge from Fitch. (Includes two data tables.) http://www.insidemortgagefinance.com/articles/237022 Thu, 26 Mar 2026 17:02:00 -0400 https://www.insidemortgagefinance.com/articles/237022-kroll-stays-ahead-in-mbs-fitch-gains-ground-in-abs dhollier@imfpubs.com Market participants say the surge in GSE purchases is part of the Trump administration’s effort to reduce mortgage rates and spreads. http://www.insidemortgagefinance.com/articles/237059 Thu, 26 Mar 2026 17:01:12 -0400 https://www.insidemortgagefinance.com/articles/237059-gses-beef-up-mbs-purchases-amid-war-related-market-turmoil