The secondary market is active this spring with an MBS backed by MH communities, plus Ginnie EBO activity remains brisk. Selling more NPLs: Fannie Mae.

Freddie Mac accounted for most of the monthly gain in single-family agency MBS issuance, which rose to $372.9 billion in April, a new all-time high for the market. (Includes two data charts.)

Notes backed by MSRs could become plentiful if a strategy employed by PennyMac Financial and its sister company catches fire.

The Ginnie early buyout game is still afoot with whole-loan auctions fanning the flames. But how much longer can the gravy train last?

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?