In October, the top five volume leaders in agency MBS issuance were all nonbanks, led by PennyMac Financial...

Wide spreads are putting pressure on the value of MBS held in portfolio while also offering attractive yields for new investments.

ARMs accounted for 10.7% of mortgage applications last week.

Redwood Trust spilled red ink in the third quarter but expanded its jumbo portfolio and bank partnerships over the last three months.

Prices were up 5.6% on an annual basis in August, according to FHFA.

For the first nine months of 2023, the market was down 43.1% from a year ago...

Sales of agency MBS holdings by banks are driving prices down, a reduction in portfolio lending by banks is helping to spur ABS issuance and the CMBS market is waiting for banks to take write-downs on commercial loans.

"Higher for longer" is beginning to sink in.

After generating a $161.2 million profit in the second quarter, Annaly took a $569.1 million loss in the third quarter.

Fannie Mae was still providing COVID relief to $61.98 billion in loans at the end of the third quarter.