Verus Mortgage Capital, already the top issuer of expanded-credit MBS, is planning to issue a $701.6 million deal, marking the largest issuance from the affiliate of Invictus Capital Partners in more than a year.

Trade groups representing mortgage lenders have raised grave concerns about proposed changes to capital requirements for large banks.

Expanded-credit MBS volume was down 27.2% on an annual basis and prime volume fell by 62.9%.

Chris Bennett, a veteran MBS trader and founder of Vice Capital Markets, suggests looking to the five-year Treasury rate for current coupon mortgages.

JPMorgan Chase is no longer the largest issuer of non-agency MBS.

Issuance declined by 16.7% on a quarterly basis in the fourth quarter, with the VA losing market share.

Make no mistake about it, all sectors slowed in the fourth quarter...

Agency MBS issuance declined by 41.1% on an annual basis in 2023.

It stands to reason that Ginnie would want to sell the HECMs it seized from Reverse Mortgage Funding.

United Wholesale Mortgage barely edged out PennyMac as the top issuer of agency MBS in 2023.