Radian is following Arch among private mortgage insurers launching non-agency conduits. Officials at Radian note that its experience with private MI will help with acquisitions and sales of non-agency mortgages.

Western Asset Management Company considering a sale of its non-agency REIT; Velocity offers another small-balance commercial MBS; PennyMac ramping up jumbo originations.

Lenders delivered $98.10 billion of purchase loans into agency MBS last month...

The job losses in the mortgage brokerage community were much less severe: 900 employees were handed pink slips in June...

The results, released after the closing bell Thursday, also revealed a respectable 2Q22 gain-on-sale margin of 292 basis points...

The rate reprieve isn’t enough to eliminate the staff reductions that are now going on at most shops.

The Federal Reserve giveth and taketh away in the agency MBS market. And now that the central bank’s investment activity is significantly curtailed, investors are seeing some opportunities in the sector.

Both the size and the composition of the portfolios of Fannie Mae and Freddie Mac have shifted as the mortgage market slows. (Includes data chart.)

Two prominent non-QM lenders failed in recent months amid volatility in the market. Non-agency aggregators suggest that the issues were lender-specific and the market is improving.

Net interest income in the second quarter was up 28% year over year at Fannie, while investment gains were down 75% at Freddie.