Investment opportunities in the $9 trillion Agency MBS space

The Agency residential MBS market is over $8.3tn in February 2022 and is the second most liquid fixed income market after Treasuries.
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The market shares of the three agencies are:
1. Fannie Mae 3.5tn, ($1.060B in Fed Portfolio, $2,120B in Pools, $270Bin CMOs)
2. Freddie Mac 2.7tn ($840B in Fed Portfolio, $1,630B in Pools, $270B in CMOs)
3. Ginnie Mae 2.0tn ($560B in Fed Portfolio, $1,090B in Pools, $330B in CMOs)

Agency Commercial MBS are fixed-income investment products that are backed by mortgages on commercial properties rather than residential real estate.
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The market shares of the three agencies are:
1. Fannie DUS:  $400B ($310B in Pools, $90B in CMOs)
2. Freddie K:  $310B (as REMIC)
3. Ginnie Mae Project/Construction Loan $140B ( $20B in Pools, $120B in CMOs)

Run Underlying Query

Recursion has detailed information on all the loans behind these numbers. Please contact us if you have any questions about the underlying data referenced in this article.
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