Fannie and Freddie securitized $556.2 billion of single-family loans that were aged three months or less when the MBS was issued, a whopping 81.0% increase from the prior quarter.
The comeback in the July-to-September period was led by JPMorgan Chase, which brought $2.12 billion of prime non-agency MBS to the market spread across four deals...
Payoff removals fell 0.4% from July to August, and by 2.8% for FHA loans. The VA program, which sees much heavier refinance activity, recorded a 1.9% increase in payoff removals, edging up to its highest level of the year.
AmeriHome, according to its S-1, earned $275.0 million during the first six months of 2020, slightly less than its combined profit for 2019 and 2018 ($279.5 million.)
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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