Investors in non-QM MBS have to worry about fast prepayment speeds, not credit problems...

Lower rates could translate into more refinancings, but could cause hedging problems for Fannie Mae and Freddie Mac…

Before the financial crisis, about 10 percent of home sales were all-cash transactions…

Wells Fargo’s CMO business was down 36.7 percent from the first half of 2016…

Reinsurers coming late to the feast might find slimmer pickings as pricing continues to tighten in the sector…

Brian Benjamin, who runs Two River Mortgage & Investment in Red Bank, NJ, noted that if brokerage shops are laying off, “it’s support staff.”

The government-sponsored enterprises’ holdings of vintage nonprime mortgages declined somewhat more quickly than usual in the second quarter of 2017, according to an analysis by Inside Nonconforming Markets. Fannie Mae and Freddie Mac held a combined $123.73 billion of nonprime purchased/guaranteed mortgages and mortgage-backed securities at the end of June, down 7.6 percent from March. Compared with June 2016, their holdings were down by 23.2 percent. The GSEs’ nonprime holdings are...[Includes one data table]

Several top-ranked REITs are now trading much closer to their 52-week highs than their lows while maintaining hefty dividend payments to their shareholders.

Meanwhile, net servicing income fell to $27 per loan in 2Q17 from $225…

In July, the top five GSE loan sellers were Wells Fargo, Chase, Quicken, PennyMac and AmeriHome Mortgage…