May 2, 2024By John BancroftAgency MBS Rises in April, Refi Tide Appears to WaneAll three agencies saw increases in monthly loan deliveries in April, with loan mods helping to boost Fannie to a 17.4% gain from March. The purchase market and cash-out refi remain strong. (Includes two data tables.)
May 2, 2024By Dennis HollierFederal Reserve Prepares to Slow Balance Sheet ReductionThe Federal Open Market Committee this week announced lower caps for Treasury runoff and a tweak to its MBS activity.
May 2, 2024By Dennis HollierGSE Earnings Belied by Mortgage HoldingsProfits at Fannie Mae and Freddie Mac weathered a steady decline in mortgage purchases and shrinking mortgage holdings. (Includes data table.)