The real estate investment trust turned a $3.4 million profit, helped by changes in the fair value of its holdings.

Fannie Mae issued three consecutive monthly CRT deals through April, then paused issuance until this new offering.

Pennymac originated $4.16 billion in volume to prime non-agency MBS issued in the second quarter, according to a new ranking and analysis by Inside Nonconforming Markets.

Optimal Blue added FICO Score 10T to the platform in June.

Two Harbors Investment generated a net income of $62.2 million during the second quarter of 2026.

In the first half of 2026, $120.88 billion of GSE purchase mortgages with private MI was securitized, a 4.5% increase from the first half of 2025.

The GSEs are acting like a relative value investor rather than crowding out other agency MBS investors, according to leaders of REITs that focus on agency MBS.

Much of the decline was from activity with seasoned mortgages.

"We’re comfortable with risk from many of the sellers out there that are already making those loans and selling them elsewhere," said Jason Harris, co-founder and CEO of Button Finance.

Average condo prices declined by 0.7% on an annual basis as of mid-July, according to Intercontinental Exchange.