Redwood took losses on both its long-term investments and jumbo aggregation activity in the second quarter.

Freddie's $2.5 billion in profits brings the company's net worth to $34.1 billion.

Annaly's net income declined by almost 60% on a sequential basis in the second quarter.

The lender, Pennsylvania-based Trident Mortgage Company, was accused of redlining majority-minority neighborhoods in the Philadelphia area and will pay over $22 million under the settlement.

Spreads are widening on CRT products, indicating a lack of investor interest. Simultaneously, the GSEs are reducing their deal sizes and issuance is expected to decline.

Net income at Mr. Cooper Group declined by 77.1% on a sequential basis to $151 billion in the second quarter.

Federal Housing Administration Commissioner Julia Gordon said at a conference that her agency is looking at what options it has to boost housing supply, and hopes to use manufactured housing to help close the gap.

The Mortgage Bankers Association, in a letter to House leadership, supported funding Federal Housing Administration staffing and systems upgrade and said it wanted more funding for Ginnie Mae staffing, training and technology.

The REIT's ongoing losses were driven by volatility in interest rates amid actions by the Federal Reserve, which lead to lower values for agency MBS.

Chopra says he wants “to more clearly communicate the agency’s expectations..."