The monthly decline in home prices in January was the first decline since August 2022.

Retail properties accounted for 68.5% of total losses...

"We’re talking about going to a lower pace," said Fed Chair Jerome Powell.

Loans originated by Rocket Mortgage account for 80.2% of the planned $316.0 million issuance.

Most major investor categories increased their holdings of MBS during the fourth quarter, while the Fed continues to let its holdings slowly run off.

The budget approved by Congress for Ginnie Mae for fiscal year 2024 included the largest annual increase in funding in the agency's history.

The Fed plans to reduce the speed of the runoff of Treasuries and MBS from its balance sheet "fairly soon," according to Fed Chair Jerome Powell.

The increase was driven by refinances, particularly VA refis.

The company believes its ability to source loans through its affiliate lender, Angel Oak Mortgage Solutions, can provide insurance companies with more bespoke investment options than its competitors.

Economists at Fannie Mae revised their interest rate projections, anticipating that rates on mortgages will stay higher for longer.