The Federal Reserve will stand back a bit from the agency MBS market in 2022, but U.S. banks may be able to step up in a declining market. (Includes two data charts.)
Ginnie Mae has added a “green status” field to its multifamily MBS disclosures, its first environmental, social and governance disclosure in the multifamily space.
Annaly Capital Management’s net income declined by nearly 20% from the third to the fourth quarter and AGNC Investment took a loss as agency MBS values fluctuated due to actions by the Federal Reserve.
Fannie removed some loans from its MBS early; Guaranteed Rate restructured a jumbo MBS before issuance; the GSEs are prepping separate risk- sharing transactions.
Margin requirements for trading GSE MBS are on the way; the Fed will end its stimulus-related purchases of agency MBS in March; JPM readies its largest jumbo MBS since 2016.
Some of Cenlar’s subservicing clients are eyeing a switch. But when it comes to securities holders whose assets are being serviced by the vendor, so far, there isn’t much to worry about.
Commercial banks, thrifts and credit unions all beefed up their MBS holdings during the third quarter of 2021 despite the Federal Reserve's ongoing buying spree. (Includes two data charts.)