According to Barclays, the majority of the increase came in the form of conventional agency MBS holdings, which increased by $11.9 billion in the third quarter. Agency collateralized mortgage obligations increased $5.4 billion, while Ginnie Mae holdings were down by $3.7 billion.
While the Federal Reserve has been playing "buyer of last resort" in snapping up agency mortgage-backed securities throughout the crisis and beyond -- through three successive rounds of so-called quantitative easing -- the government hasn't been the only buyer.
The darlings of 2014, the single-family housing investment and rental businesses, didn’t dominate like last year, but they still had a strong showing. After snagging four of the top five spots on the 2014 HW Fast50, two SFRs placed in the top five in 2015 and three made the top 50..
Bank loyalty is not a factor for borrowers in shopping for a mortgage loan. Borrowers tend to select a mortgage originator based on product, price and their expectation for a convenient transaction process. Read More