FICC, which provides clearing services for most to-be-announced trades, says its existing margin methodologies failed to provide adequate credit protection during the market turmoil last spring.

REIT industry holdings of agency MBS have climbed 8% higher than they were when COVID forced many firms to shrink, but investment in non-agency MBS remains depressed. (Includes data chart.)

In an interview with IM&A, former Treasury official Craig Phillips says capitalize the GSEs and let them go.

Prepayment speeds are dropping on agency MBS but there could be choppy waters ahead on VA IRRRLs. For now, VA is staying quiet.

The new rule would cover the forward settlement exposure for the counterparties in TBA deals.

Banks increased their holdings of Fannie/Freddie pass-throughs by $176 billion in the first quarter, while shrinking their Ginnie MBS holdings. Bank of America boosted its Fannie/Freddie portfolio by $85 billion. (Includes two data charts.)

MBS trading is drifting lower in a rising rate environment, but the outlook remains cloudy as mortgage bankers wonder how many more months they have left before refis drain for good. Or will they?

Analysts argue that resolutions plans for the GSEs are purely theoretical devices because the government will never let them fail.

The Ginnie early buyout game is still afoot with whole-loan auctions fanning the flames. But how much longer can the gravy train last?

With both Fannie and Freddie now issuing green single-family and multifamily MBS, the enterprises have become a favorite for investors seeking environmentally or socially responsible assets.