Single-family MBS issuance by Fannie, Freddie and Ginnie was up 10% from 2020 to 2021, but bigger percentage gains were posted by non-agency RMBS, commercial MBS and ABS production. (Includes three data charts.)
Refinancing continued to account for most new business at Fannie Mae, Freddie Mac and Ginnie Mae in 2021, and the biggest gain was in purchase-mortgage activity. (Includes two data charts.)
In the first nine months of 2021, GSE sellers have repurchased $2.1 billion of defective loans from Fannie Mae and Freddie Mac, more than in any year since 2014. Soaring new MBS issuance is the reason.