Even non-agency MBS had a strong month, with daily trades averaging $3.5 billion, a sequential monthly improvement of 20.6%.

The Federal Reserve reported that single-family mortgage debt outstanding rose 4.3% in 2020 to $11.666 trillion. Of that total, $8.104 trillion, or 69.4%, was committed to mortgage securities.

DBRS made strides in the expanded-credit MBS market with $10.95 billion in business, a 19.5% increase from 2019 at a time when overall rated issuance fell 24.7%

Grier will remain as a director, though he’ll abstain from committee work. He’ll also receive the standard CEO base salary of $600,000...

The FHFA based its 30-day liquidity requirement on the coverage ratio used by bank regulators.

Fun fact: February has the fewest number of business days in the year and typically represents the low spot in seasonal housing activity. 

Provident is stocking its MBS with conforming jumbos. Morgan is aggregating product through various lenders.

But the rule change that has generated the most confusion is one that limits acquisitions of loans secured by investment properties or second homes. One bugaboo: the start date.

As a result, the four board members appointed by Fannie and Freddie are now outnumbered by the five named by the FHFA.

The record $114.44 billion total for Fannie, Freddie and Ginnie represented a 33.7% gain from the third quarter.