The $337.5 million expanded-credit MBS Annaly Capital Management is marketing is much smaller than any other expanded-credit MBS the firm has issued this year.

Spreads on the second-quarter issuance widened significantly compared with the prior deals issued by the GSEs.

Nationally, home prices declined by 0.5% on a monthly basis in July, according to First American Data & Analytics.

“Custom home builders continue to report stronger market conditions than spec builders, reflecting better conditions at the higher end of the market,” said Robert Dietz, chief economist at the National Association of Home Builders.

Trade groups targeted waiting periods and fee disclosures.

"We have retained a dedicated team of experienced advisors to assist us with this matter, allowing our leadership team and employees to remain focused on our key operational objectives," Daniel Lewis, interim CEO of Better Home & Finance, wrote to employees amid a battle for leadership of the company.

SPS retained pole position in the second quarter despite a 6.8% drop on a quarterly basis.

Cost-cutting measures helped reduce operating expenses by 24.9% from the first to the second quarter of this year.

Mark Acosta, chief servicing officer at Pennymac, said the nonbank’s proprietary servicing platform allowed the lender to implement the partial claim option quickly.

Beeline noted that it is actively repositioning its product mix to focus on non-QM production.