The REIT’s investments in MSRs increased by 20.2% in the second quarter, based on unpaid principal balance, to $109.0 billion as of the end of June. Annaly sees the assets as a nice hedge to its traditional investments in agency MBS.

With prospects for the Build Back Better Act doomed, Senate leadership has proposed a new version of the budget reconciliation legislation under the moniker the Inflation Reduction Act.

Agencies and regulators are seeking stakeholder input on how to improve lending and securitization in the manufactured home space.

When a company right-sizes operations, how many employees lose their job?; margins improve in the second quarter; applications for refis increase.

Two Harbors Investment is buying RoundPoint Servicing from Freedom Mortgage, paying the tangible net book value of RoundPoint plus a premium of $10.5 million.

A recent paper published by the Federal Reserve in June found including purchases of low- to moderate-income loans in a bank’s Community Reinvestment Act lending test benefited banks’ rating but didn’t increase the flow of mortgage credit to low- to moderate-income communities.

Sprout Mortgage, a non-QM lender, had a $10 million tax liability with the Internal Revenue Service when it closed its doors in July, according to interviews by Inside Mortgage Finance and supporting documents.

Declining originations and margin cut into mortgage-related earnings at 24 key lenders.

USDA’s Rural Housing Service will propose rules to grant “delegated lenders” in its Single-Family Housing Guaranteed Loan program the authority to make loans using automated loan underwriting and closing systems.

These new placeholder certificates are expected to become the primary way to purchase the A-M and A-2 classes of Freddie K-deals.