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Annaly Takes Large Loss in 3Q on Agency MBS

October 26, 2023
Brandon Ivey
After generating a $161.2 million profit in the second quarter, Annaly took a $569.1 million loss in the third quarter.
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Buyback Relief From FHFA Might Not Amount to Much

October 26, 2023
Dennis Hollier
Fannie Mae was still providing COVID relief to $61.98 billion in loans at the end of the third quarter.
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Rithm Stays Profitable in Third Quarter

October 26, 2023
James Dohnert
Rithm Capital posts a profit in the third quarter as it prepares for the acquisition of Specialized Loan Servicing early next year.
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Originations and Margins Increase at Flagstar

October 26, 2023
Brandon Ivey
Originations increased by 12% at Flagstar in the third quarter.
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Short Takes: VantageScore Finds New Mortgage Borrowers / Increase in Home Sales Could Be a Blip / Applicants Seeking Lower Loan Amounts / Expanded-Credit MBS From Annaly

October 26, 2023
Brandon Ivey
VantgeScore suggests that many consumers characterized as "dormant" are actually infrequent users of credit.
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ABS Issuance Continues Growth Track in 3Q23

October 25, 2023
John Bancroft
Vehicle and consumer loan sectors help drive ABS issuance in third quarter of 2023.
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High Interest Rates Limiting Demand for MBS

October 25, 2023
Brandon Ivey
Banks don't have much appetite for agency MBS and whole loan bids can be stronger than execution via non-agency MBS.
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GSE Shareholders Get Another Win

October 25, 2023
Dennis Hollier
A federal district court adds interest to the damages a jury awarded Fannie Mae shareholders in August.
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Homestar Financial Ceases Retail Operations

October 25, 2023
James Dohnert
The Georgia-based lender will accept locks through the end of the month before shuttering its retail operations.
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Short Takes: Mortgage Applications Down / Mr. Cooper Earnings Up in 3Q / Homebuyers Increasingly Looking to Move Out of State / Finance of America Expands Rollout of HomeSafe Second Program / ICE Report Correction

October 25, 2023
Brandon Ivey and James Dohnert
Mr. Cooper net income up in 3Q23; MBA reports mortgage applications down week-over-week; Redfin reports more homebuyers are moving out of state; Finance of America expands new reverse mortgage program to direct-to-consumer and wholesale channel.
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Latest Imf News

  • Home Equity Loan Originations Increase by 20% in Second Quarter

  • FHFA IG Blasts Budget Cut, Massive Layoffs Likely

  • GSE MBS Investors Could Penalize Loans With VS4 Scores

  • Fitch Downgrades Wells Fargo’s Servicer Ratings

More Imf News

Featured Data

  • GSE MBS Issuance Increases in August

  • Mortgage-Banking Profits on Production, Servicing Decline in 2Q

  • Banks Shed MBS/ABS From Trading Accounts in 2Q

  • Rocket, Cenlar Subservicing Portfolios Decline

More Featured Data

Featured Reports

  • IMF Mortgage Directory: Full interactive database

  • Mortgage Servicing Rights Report: 2Q26 (PDF)

  • Agency Seller-Issuer Profile: 2Q26 (PDF)

  • Mortgage Profitability Report 2Q26 (PDF)

More Latest Reports

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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