Fannie Mae’s first-quarter earnings declined due to higher loan loss provisions, while Freddie Mac posted higher profits on the back of credit-related income. (Includes data chart.)

The Federal Open Market Committee will begin letting agency MBS run off on June 1, but has no plans to actually sell securities.

Nonbanks will need to provide more details about how they value MSRs as Ginnie works on its new capital rules. The good news: MSRs are worth a lot more these days.

The market for residential MBS backed by second liens is showing signs of life once again and nonbanks are rolling out new products. Is a renaissance afoot?

Volume for both purchase mortgages and refis was down at the mortgage giant, but profits increased on the back of higher home prices.

Loan repurchases from Ginnie MBS in the first quarter of 2022 neared pre-pandemic levels as delinquency rates declined. Loan removal trends vary among the top servicers. (Includes two data charts.)

Annaly is selling its noncore holdings to focus on residential mortgage investments. Its agency MBS business continues to shrink, but not dramatically.

Higher prices on mortgages for highly qualified borrowers could mean more cross-subsidy for less qualified borrowers.

Market participants detail why reverse mortgages, particularly in non-agency MBS, are a compelling investment.

The market decline, in response to the end of QE, has been severe, but much more orderly than in 2013.