Annaly is a prolific issuer in the sector, but the only other time the real estate investment trust’s expanded-credit deals topped $500 million in volume was during the refinance boom during the pandemic.

“We’re in a euphoric market for spread products,” said Neil Aggarwal, head of securitized products at Reams Asset Management.

“The recent boomerang in rates has dampened already tentative homebuyer momentum as we approach the spring, a historically busy season for homebuying,” said Sam Khater, chief economist at Freddie Mac.

Commingling happens when a government-sponsored enterprise stocks a new Supers deal with MBS issued by the rival GSE.

Ginnie Mae's revisions come one day after the FHA raised the maximum loan limit for Title 1 loans on manufactured housing.

Holdings of residential MBS at banks increased by 5.6% in the fourth quarter of 2023, ending a two-year decline.

Despite underlying issues with the mortgage market, the FHFA's conservatorship over Fannie Mae and Freddie Mac looks unlikely to end.

The roundtable hosted by the Treasury focused on how the increased risks from climate change are affecting insurance markets.

To this point, the deals have been more frequent in Europe than in the U.S.

The MBA cautioned that a ruling by the Fourth Circuit against PHH Mortgage departed from standard practices and could have wide-ranging harmful impacts for lenders.