The battle between lenders and the GSEs over loan buybacks continues. But why force a repurchase if the loan is performing?

Ginnie Mae and the non-agency sector saw solid gains in MBS outstanding during the first quarter. Life insurance companies, mutual funds and money-market funds picked up the slack from diminished foreign appetite. (Includes three data tables.)

There’s new chatter that no matter who occupies the White House come January, change may finally be in the air. But the key to ending the almost 16-year-old GSE conservatorships is to figure out how to placate MBS investors.

The seasonal boost in agency purchase-mortgage business helped spur a hefty increase in correspondent-originated loans in May.

Did the Fed jump the gun by deciding to slow the pace of balance sheet reduction without waiting until it approached the point of ample reserves?

Ginnie offers new multiclass aggregation options; Fannie increases social bond disclosure; Annaly touts ESG efforts; new nonprofit advocates for greater parity for women in mortgage capital markets.

Time to REIT-up for United Wholesale Mortgage? Not really, company management said recently. Just two A-paper nonbank lender/servicers — Freedom Mortgage and PennyMac — have jumped into the REIT pond, with different growth outcomes.

It turns out selling securities at a loss wasn’t a strategy for success for banks facing deposit runs in March 2023.

SIFMA warned that Freddie’s proposal to acquire second liens could pose risks to the to-be-announced, credit-risk transfer and consumer-loan markets. SFA said the proposal, if approved, should be limited.

Although Fannie saw a 20% decline in Supers MBS issuance in the first quarter, Fed data show a substantial increase in the central bank’s “aggregated” holdings of Fannie securities. (Includes two data tables.)