Fannie Mae-No Politics (FNMA)

[navycmdr]

Despite SQUID wanting smaller GSEs and "more" Competition

GSEs ARE LARGER - $7.13 TRILLION !

and more DOMINANT than EVER BEFORE !!! ...


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Agency MBS Tally Climbs to $7.13 Trillion, a New Record

June 26, 2020 - John Bancroft - [e-mail]



Mortgage securitization continued to absorb a larger share of the single-family
mortgage universe in early 2020, according to a new Inside Mortgage Finance analysis.

The agency mortgage-backed securities platforms, as might be expected,
continue to be a dominant force. The supply of single-family MBS issued by
Fannie Mae, Freddie Mac and Ginnie Mae grew another 1.4% in the first quarter,
hitting $7.134 trillion.

According to recently released data from the Federal Reserve, total 1-4 family
mortgage debt outstanding rose 0.6% during the first three months of 2020,
ending March at $11.222 trillion.

The three agencies accounted for 63.6% of the single-family
mortgage market, the highest concentration on record.

Even the non-agency MBS market got in the act, at a more subdued level.
The Fed reported that the supply of non-agency MBS rose 1.2% during
the first quarter, up to $454.6 billion.