Applications for purchase mortgages in early January were down 20% on an annual basis.

Volume was down on an annual basis across prime, subprime, Alt A and scratch-and-dent deals.

The new Ginnie product would relieve pressure for reverse mortgage lenders.

Lakeview handled $644.49 billion in agency servicing as of the end of 2023.

The $500 million repo line, with Goldman Sachs acting as administrative agent and one of the lenders, replaces an earlier repo facility.

The $455.6 million securitization of closed-end second liens is the largest securitization of newly-originated closed-end second liens seen in recent years.

Verus Mortgage Capital, already the top issuer of expanded-credit MBS, is planning to issue a $701.6 million deal, marking the largest issuance from the affiliate of Invictus Capital Partners in more than a year.

Trade groups representing mortgage lenders have raised grave concerns about proposed changes to capital requirements for large banks.

Expanded-credit MBS volume was down 27.2% on an annual basis and prime volume fell by 62.9%.

Chris Bennett, a veteran MBS trader and founder of Vice Capital Markets, suggests looking to the five-year Treasury rate for current coupon mortgages.