Bayview handled a $436.71 billion Ginnie portfolio as of the end of March, up 1.5% from the end of 2025.

The fair value of mortgage servicing rights improved as interest rates increased near the end of the first quarter.

Fannie Mae sharply increased its investment portfolio during March while the balance of Freddie Mac’s portfolio didn’t change much.

The loans are available through a partnership with Wisetack, a platform used by 40,000 contractors.

The impairment rate on securitized non-qualified mortgages declined by 28 basis points on a monthly basis to 6.9% as of the end of March, according to dv01.

Issuance increased across product types during the first quarter, including a 50.4% increase in volume involving investment-property mortgages, hitting $14.10 billion.

The temporary change is due to FHA’s 2025 modification to the single-family loss-mitigation waterfall, which included reinstating TPP requirements before certain loss-mitigation options can be approved.

Daniel Hyman, a portfolio manager at PIMCO, said in a recent report that the buydowns lead to new-build homes selling at an inflated value that a homeowner is unlikely to match when they try to sell later.

Newrez said that the securitized loans were part of a loan delivery limited engagement by Freddie, which helped validate the operational readiness for VantageScore 4.0.

Two closed-end seconds securitizations began marketing this week, each sized at about $285 million.