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.

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.

On average, loan-to-value ratios and debt-to-income ratios are much higher for GSE purchase mortgages with private MI compared with loans that don’t carry MI.

Higher origination volume and expanded gain-on-sale margins helped PrimeLending reduce losses in the first quarter.

Market technicals for agency MBS are currently the most favorable they’ve been since the Fed ended quantitative easing in 2022, according to David Finkelstein, CEO and co-CIO at Annaly Capital Management.

A third of its homeseller clients have rates below 5%, Coldwell Banker says.

The GSEs will accept VantageScore 4.0 on a pilot basis. FHA will follow at a later date, along with plans for the GSEs and FHA to allow for use of FICO 10T.