Acra and BlackRock NQM Investments are jointly issuing the new MBS and BlackRock is retaining risk on the issuance.

Sen. Elizabeth Warren, D-MA, one of the lead negotiators of the bill, guaranteed that it will eventually become law.

The ARM share of first-lien originations also declined somewhat, as interest rate trends in the first two months of the first quarter made fixed-rate mortgages somewhat more attractive than ARMs.

Days after issuing a $1.02 billion expanded-credit MBS, Annaly is marketing a $1.01 billion deal.

The number of new listings last week hit the lowest level since February.

Sales of new homes declined on monthly and annual bases in May.

A total of $545.80 billion of non-agency MBS backed by single-family mortgages was outstanding at the end of March.

Matt Jones, FHA single-family housing deputy assistant secretary, indicated the agency believed the rescissions would make the FHA program more accessible to a wide range of lenders.

The proposal would redefine "high-needs rural population" and limit the use of area median income when defining low-income categories.

Another vote delay adds more uncertainty to the proposed merger between CrossCountry Mortgage and Two Harbor Investments.