Two large REIT investors in agency MBS incurred losses in the second quarter, due to interest rate volatility and an unaccommodating monetary policy stance. Still, they are optimistic about the future.

The Heritage Foundation’s Project 2025 calls for the end of the GSE conservatorships and a dramatically reduced role for the Fed.

Non-QM REIT Angel Oak is out with its first “baby” bond offering — $50 million worth of five-year notes.

With the yield on the 10-year Treasury reaching multi-month lows of late, MBS investors see smooth sailing to a rate cut by the Fed.

The new PCs will provide investors more flexibility and efficiency by allowing them to consolidate smaller securities.

Fitch Ratings sees relatively smooth sailing for residential MBS this year while times are tough in the CMBS market, and the worst could be yet to come.

Fed researchers quantify the effect of BTFP’s use of par valuations for collateral during the 2023 banking crisis.

Cherry Hill plans to drop its external manager, consider additional strategic options; FHFA publishes historical VantageScore data; Computershare, NewRez receive master servicer ratings; commercial MBS from Morgan Stanley downgraded.

When interest rates decline, the prepayment environment for agency MBS is likely to be much different compared with previous refinance booms, according to industry participants.

If Freddie Mac is allowed to purchase second mortgages, critics argue there should be clearly articulated capital requirements, loan-to-value ratio limits and debt-to-income ratio restrictions.