The concept of reducing Fannie Mae/Freddie Mac LLPAs on second homes and cash-out refis is being pushed by Barry Habib, a principal in MBS Highway, who was named to Fannie’s board this summer.

MBS is the place to be right now with average daily trading volumes at their peaks for the year.

A reduction in loan-level pricing adjustments for Fannie Mae and Freddie Mac is being discussed.

Looking to book a profit in 2025? There’s still time to sell servicing rights, but delays could up-end the equation.

The LLPA change, if it comes, would only apply to mortgages on second homes and cash-out refinances.

As one veteran MSR analyst noted: "Quarter over quarter, we saw little change in MSR values."

JPMorgan Chase is ready to issue a $801.6 million MBS backed by non-qualified mortgages. Most of the collateral was originated by United Wholesale Mortgage, the nation’s largest originator…

Real estate investment trusts that focus on agency MBS increased their earnings in the third quarter, helped by interest rate trends.

Sales of mortgage servicing rights have slowed as 2025 winds down but valuations on this sought-after asset remain quite attractive.

Better Home & Finance launched a wholesale lending platform for second liens.