Freddie had one of its busiest quarters ever in issuance of new STACR credit-risk transfer securities in the first quarter of 2021. Fannie remained out of the market. (Includes data chart.)

Non-agency outlets are seeing a surge in the supply of non-owner-occupied loans due to caps recently placed on GSE business. Non-agency MBS issuance is expected to increase, though pricing for jumbos is also declining.

The GSEs reported a modest decline in net interest income, which includes earnings from MBS guarantee fees. The surge in g-fee income from the adverse market fee implemented in December will be spread over the expected life of the loans. (Includes data chart.)

Should traditional warehouse financiers be worried? It seems more nonbanks are jumping on the securitization bandwagon.

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.

The complication of shifting from cash window deliveries to MBS swaps is going to cost lenders money whether they’re big or small.

Industry insiders talk data, scale, and products in the mortgage green bond market.

Mortgage trading narrowed this spring at a time when rates were rising. Lo-and-behold, rates are headed south once again. But inflation fears are accelerating. What’s an MBS owner to do?

The new enhancements will include both loan- and security-level data. Target date: early June.

Fannie Mae and Freddie Mac are taking different approaches to unloading the reperforming loans in their portfolios.