Loans in the new prime jumbo MBS had an average seasoning of 13 months.

Spreads on MBS and ABS widened following the release of the jobs data, but spreads widened even more in corporate credit sectors.

Blend Labs took a $19.4 million loss in the second quarter.

The lender has issued more than $4.7 billion in unrated securitizations since it started its securitization program in 2019, about $1.0 billion of which was issued in just the first six months of this year.

Ready Capital sold the MSRs as part of an effort to exit investments in the residential market to put a greater emphasis on commercial loans.

Halfway through 2024, Lakeview/Bayview Loan Servicing was the leader in removals from Ginnie MBS, with $11.33 billion.

UWM took in net proceeds of $2.4 billion from MSR sales in the first half of 2024.

Nonbanks increased their contributions to prime non-agency MBS issued in the second quarter as Chase pulled back somewhat.

The REIT associated with Angel Oak Companies reported a small loss in the second quarter after posting a profit in the first quarter.

Holdings of both mortgage-backed securities and mortgages rose in the quarter, with MBS totals up 5.9% and mortgages up 4.1%.