MFA Financial and other non-QM players could benefit if interest rates stabilize heading into 2024.

Production of Ginnie Mae single-family mortgage-backed securities saw a modest increase in the third quarter. PennyMac lost some market share in the FHA program. (Includes four data charts.)

Activity in the sector is expected to pick in the coming months as DBRS is close to establishing criteria to rate securitizations of residential transition loans.

The volume of FHA loans securitized into Ginnie Mae mortgage-backed securities increased 2.3% between July and August, while VA loan production sent to Ginnie declined at a similar rate. (Includes two data charts.)

Mortgages in the new non-QM MBS from Change have seasoned for an average of just one month.

Following several months of steady growth, issuance of Ginnie Mae securitizations dropped slightly in July. (Includes two data charts.)

Following a brief pause on acquiring new loans, the REIT affiliated with Angel Oak Companies plans to increase its securitization output.

Adams Outdoor Advertising has issued similar securitizations, most recently in 2021 and 2018.

Industry participants continue to try to influence the Securities and Exchange Commission on a proposed rule addressing conflicts of interest in the securitization market.

All major sectors posted gains in securitization activity...