Western Asset’s Non-QM-Focused REIT Considering Sale August 5, 2022 Brandon Ivey At June 30, the REIT held non-qualified mortgages of roughly $1.24 billion...Read More
Freddie: WI Certificates Update August 3, 2022 Dennis Hollier These new placeholder certificates are expected to become the primary way to purchase the A-M and A-2 classes of Freddie K-deals.Read More
Looser Underwriting Standards Seen in GSE Deliveries August 1, 2022 Namrata Bhatia The GSEs are taking in an increasing amount of loans with higher LTV ratios and lower credit scores.Read More
Rithm (New Residential) Goes Bigger With its Second SFR Securitization August 1, 2022 Brandon Ivey Rithm launched its single-family rental operations in 2019 and had acquired 3,285 properties as of the end of March.Read More
Fed’s Actions Reducing the Value of its MBS Holdings August 1, 2022 Dennis Hollier Just like private market participants, the Fed is experiencing unrealized losses on its massive holdings of agency MBS and Treasury securities.Read More
Redwood Swings to Loss in 2Q, Jumbo Acquisitions Drop July 29, 2022 Brandon Ivey Redwood took losses on both its long-term investments and jumbo aggregation activity in the second quarter.Read More
Annaly’s Income Drops in Second Quarter July 28, 2022 Brandon Ivey Annaly's net income declined by almost 60% on a sequential basis in the second quarter.Read More
GSEs Slow CRT Issuance Amid Market Headwinds July 27, 2022 Brandon Ivey Spreads are widening on CRT products, indicating a lack of investor interest. Simultaneously, the GSEs are reducing their deal sizes and issuance is expected to decline.Read More
AGNC Takes $679 Million Loss in 2Q, Sees Brighter Future July 26, 2022 Brandon Ivey The REIT's ongoing losses were driven by volatility in interest rates amid actions by the Federal Reserve, which lead to lower values for agency MBS.Read More
FHFA Working on Fix for Commingled Securities Fee July 26, 2022 Dennis Hollier Thompson tells industry group the fix might require another change to the capital rule.Read More