The GSEs reported a modest decline in net interest income, which includes earnings from MBS guarantee fees. The surge in g-fee income from the adverse market fee implemented in December will be spread over the expected life of the loans. (Includes data chart.)

The REIT giant has a reputation for being MBS-centric. But that doesn’t mean it can’t put its toes in the MSR pond too.

Freddie Mac’s first-quarter earnings report indicates the heady days of 2020 have continued into the new year.

Should traditional warehouse financiers be worried? It seems more nonbanks are jumping on the securitization bandwagon.

Ocwen Financial is ramping up its servicing/MBS issuance game in a new deal with Texas Capital Bank.

Mortgage trading narrowed this spring at a time when rates were rising. Lo-and-behold, rates are headed south once again. But inflation fears are accelerating. What’s an MBS owner to do?

“Issue debt while you can.” That seems to be the mantra of nonbank mortgage lenders and even real estate mortgage investment trusts. The latest sellers: UWM and PennyMac.

Fannie Mae and Freddie Mac are taking different approaches to unloading the reperforming loans in their portfolios.

What a difference a year can make. Last spring, the REIT was getting margin-called and selling MBS. Today, it’s buying huge mortgage banking franchises.

Loan prices for second homes and investment properties are getting whipsawed, giving bottom feeders the upper hand. Credit the FHFA.