The bid price on the FNMA 3.50 bond has become so frothy that some investors are shorting the security...

Officials at American Capital Agency announced last week that the real estate investment trust formed a wholly-owned broker-dealer subsidiary. The broker-dealer will help provide the REIT with repo funding and to-be-announced MBS trade-clearing capabilities. Peter Federico, a senior vice president and chief risk officer at American Capital, said the REIT started forming the broker-dealer about six months ago. He said the entity is fully staffed and is in the regulatory application process, with operations expected to begin midyear. “Once our broker-dealer is up and running, we will pursue...

Trends in demand for non-QM jumbos were more clear-cut, with 25.4 percent of 59 banks reporting that demand was weaker…

Declining interest rates are making some bidders think long and hard about MSR pricing...

Meanwhile, EJF Capital, the private equity firm headed by Manny Friedman, has dumped a large chunk of its stake in PHH...

Bernie Sanders' worst nightmare: not much of a slowdown in the rich taking out jumbo loans...

The two GOP congressmen want the Treasury Department and FHFA to suggest steps they can take in the near term “to rectify the situation.”

Rates are still falling, but MSR packages continue to hit the auction block...

Freddie officials estimate that industry wide, multifamily originations could top $250 billion this year...

A trader who plays in the market confirmed the $10 million figures to IMFnews.