GSE purchase-mortgage volume — both with private mortgage insurance and without private MI — increased at a faster pace in the second quarter of 2024 than FHA purchase-mortgage business.

Two Harbors Investment posted $56.3 million of net income in the second quarter of 2024, a 72.3% decline from the previous quarter.

Mortgage applications declined as potential borrowers ponder where interest rates will go next.

Issuers that weren’t active in the first quarter accounted for 43.5% of the home equity securitization volume seen in the second.

Prices were flat nationally in May, though they declined in four of nine regions across the country.

Goldman has an ABS with home improvement loans and Kiavi Funding is offering a rated RTL securitization.

“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.