Redwood is marketing a $684.6 million jumbo mortgage-backed security.

Money market managers and insurance companies increased their holdings of single-family MBS during the second quarter.

Since mid-2022, the agency has been gaining servicing share with lenders turning to FHA mortgages and loans through the Department of Veterans Affairs.

The last time Chase issued an MBS focused on ARMs from other lenders was 2019.

DART is a lien and eNote registry built on the Provenance blockchain.

Much of the increase in impairments in August was tied to new 30+ day impairments, which increased by 59 basis points.

The average interest rate on a 30-year fixed-rate mortgage increased by four basis points from last week to 6.30%.

Hugh Frater, a former CEO of Fannie Mae, warned that merging the GSEs could reduce incentives for innovation and competition on pricing, among other issues.

“You’ve got an ever-increasing number of investors and insurance companies, securitizers and aggregators, all competing for what feels like a smaller set of loans,” said Clint Thomas, vice president of correspondent lending at Silver Hill Capital.

While interest rates declined again last week, mortgage applications didn't move much.