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.

New reports from S&P and Fitch look at how home price appreciation, affordability and housing overvaluation trends, especially in certain geographic markets, might impact residential MBS.

MBS trading fell to a yearly low this spring. Meaning? The asset is less valuable or something else entirely? Or both.

MBS-investing REITs continue to pay sweet dividends but the asset value of their holdings has come under pressure thanks to spiking interest rates. First-quarter earnings should be revealing.

Experts compare today’s bond market to the bearish days of 1994, predicting a recession in the fall. But better times are coming. Maybe.