The seriously delinquent rate fell to 1.01% at the end of June.

The assets in the SPV include some type of service contracts, intellectual property, software and hardware.

Housing starts in the south were impacted by Hurricane Beryl though activity also declined modestly in some other regions in July.

Correspondent and broker loans were more heavily weighted toward purchase mortgages in the second quarter compared with the retail channel.

Annaly Capital Management is set to issue its 12th expanded-credit MBS of the year.

Total complaints from users of financial services increased 25.9% on a quarterly basis to a record high of 604,174 in the second quarter of 2024.

Servicers have cited investments in technology to better track when a borrower might refinance, and investments in call center operations to complete the refis.

The economy is looking somewhat stronger than expected, based on data released Thursday.

Among 26 public commercial banks, 17 took losses on their mortgage business in the second quarter.

"While refi activity is up significantly over the last couple weeks, most borrowers would need mortgage rates to move much lower before they’re incentivized to refinance," said Mark Palim, deputy chief economist at Fannie Mae.