Sam Valverde, acting president of Ginnie Mae, noted that Ginnie and the Department of Veterans Affairs have policies in place to prevent refis that don’t benefit borrowers and they will continue to watch for “abnormal” refi activity.

Annaly Capital Management’s Onslow Bay Financial remained the top issuer of expanded-credit MBS in the third quarter.

The REIT is off slightly from its pace in the second quarter. However, executives are optimistic that rising product demand and bank partnerships should continue to spur growth.

A decline in interest rates and more housing inventory helped to increase pending home sales in September.

The average estimated guarantee fee on Freddie’s new single-family business in the third quarter was 57 basis points, up 3 bps from the second quarter.

As the timeline shrinks for the implementation of the new credit scores for GSE borrowers, anxiety grows among lenders and even FICO and VantageScore.

“Candidly, we have to figure out a way to get our equity price to trade where it should trade,” said Michael Nierenberg, chairman, CEO and president of Rithm Capital.

Nearly all of the loans in Provident’s MBS are for primary residences.

Applications for refis declined while demand for purchase mortgages ticked up last week.

FHFA Deputy Director Naa Awaa Tagoe announced several policy changes impacting the GSEs.