“Against this backdrop of diverging economic and monetary policy outlooks, fixed-income markets became more cautious and intra-quarter volatility increased,” said Peter Federico, president and CEO of AGNC.

Mr. Cooper's servicing portfolio will hit an unpaid principal balance of $1.56 trillion following its acquisition of servicing from Flagstar Bank.

Issuance grew 2.8% on a sequential basis to $9.62 billion in the second quarter of 2024.

The real estate investment trust’s gains on derivatives weren’t enough to overcome losses on investments.

“Improvements in problem resolution and satisfaction with digital channels are the primary drivers of this year’s higher scores,” J.D. Power said of servicer satisfaction.

Much of the second-quarter gain came from securitization of home equity loans and deals backed by distressed mortgages.

The disclosures include VantageScore scores from all three credit reporting companies — TransUnion, Equifax and Experian.

A decline in interest rates wasn't enough to help push up applications of purchase mortgages last week.

The Fed's "hawkish monetary policy stance" helped prompt a loss at AGNC in the second quarter, according to Peter Federico, president and CEO of the REIT.

Bank trade groups raised concerns that a recent request for input from FHFA “appears to contemplate significant regulatory action not undertaken at Congress’ direction.”