Instead of adding to their MBS portfolios in 2023, banks are now expected to be net sellers.

Note: The average interest rate on Ginnie refi loans was 5.93%.

Since quantitative tightening began in June 2022, the Fed hasn't come close to the $35 billion monthly cap on its MBS runoff.

Improvements in loan performance were seen across Fannie Mae, Freddie Mac and Ginnie Mae.

Resuming purchases of newly originated loans and taking part in a January securitization, Angel Oak Mortgage experienced a slight boost to start the year.

Applications for refinances increased by 1.0% last week and applications for purchase mortgages declined by 1.0%.

With interest rates elevated, there's little incentive for servicers to exercise early buyouts.

Chase isn’t going to follow First Republic’s jumbo-lending model.

Redwood Trust anticipates that more jumbos will flow through its conduit as liquidity becomes a significant concern for some regional banks.

There are some benefits to selling jumbos into the secondary market rather than holding the loans in portfolio.