Agency MBS issuance declined by 41.1% on an annual basis in 2023.

It stands to reason that Ginnie would want to sell the HECMs it seized from Reverse Mortgage Funding.

United Wholesale Mortgage barely edged out PennyMac as the top issuer of agency MBS in 2023.

The increase in impairments in November was the largest increase seen in the sector outside of COVID.

JPMorgan Chase, the largest bank retail lender, sold $9.23 billion of mortgages in the third quarter, up 5.5% from the second quarter.

Lenders must maintain policies and procedures that detail the underwriting factors they used and retain documentation showing how they took those factors into account in the ability-to-repay determination.

Mortgages from a variety of lenders are included in the MBS, led by HomeXpress Mortgage with a 42.0% share.

Buybacks from the GSEs declined by 29.0% in the third quarter compared with the previous quarter.

The planned $440.9 million issuance is the largest jumbo MBS from Redwood in more than a year.

The industry expects robust bulk MSR trading during the first quarter.