Private MI volume in GSE MBS issuance in the first quarter of 2025 was down 20.4% from the previous quarter.

Ginnie MBS investors continue to have concerns about mortgages with permanent buydowns.

Ellington Financial is making investments in lenders that originate non-QMs.

Removal activity had increased in each of the previous four quarters.

Fed Chair Jerome Powell continued to insist that changes to the federal funds rate will depend on economic trends.

The MBS Annaly started marketing in early April went through at a spread that likely wouldn’t have been achievable as recently as three years ago, according to officials at Annaly.

Locks for purchase mortgages were essentially level on a monthly basis in May, according to Mortgage Capital Trading.

Recent comments by the FHFA director suggest the Trump administration has no immediate plans to release Fannie and Freddie from conservatorship. Rather, FHFA will continue to focus on fraud and abuse at the enterprises.

SPS handled servicing for 30.1% of all non-agency MBS issued in the first quarter.

Volume was up 43.3% from the fourth quarter of 2024.