John Bancroft

The agencies securitized $30.31 billion of rate-term refis in May, a 32.6% decline from April.

An analysis of earnings reports from 18 lenders showed combined income from production and secondary market rose to $2.75 billion in the first quarter, a 5.0% increase from the previous period.

AGNC Investment passed Annaly Capital Management during the first quarter of 2026 as the largest real estate investment trust in terms of holdings of MBS.

A total of $545.80 billion of non-agency MBS backed by single-family mortgages was outstanding at the end of March.

Seller repurchases of defective loans from the government-sponsored enterprises fell in the first quarter to their lowest level since 2020.

Rising interest rates took a bite out of MBS and ABS issuance in May and June.

Much of the decline was from activity with seasoned mortgages.

Blackstone ranked as the top sponsor of CLO and CDO issued in the first six months of 2026, although Benefit Street Partners and Elmwood Asset Management both had bigger second quarters. (Includes two data files.)

At the end of July, the agency purchase-mortgage market was just barely ahead of the pace for the first seven months of 2025, but refinance business has doubled. (Includes two data tables.)

The refi share of agency MBS issuance slid to 24.1% in July after accounting for 45.1% in March.