Acra and BlackRock NQM Investments are jointly issuing the new MBS and BlackRock is retaining risk on the issuance.

Days after issuing a $1.02 billion expanded-credit MBS, Annaly is marketing a $1.01 billion deal.

A total of $545.80 billion of non-agency MBS backed by single-family mortgages was outstanding at the end of March.

H.R. 6644, the 21st Century ROAD to Housing Act, is being hailed as the most significant housing legislation from Congress in three decades.

Fannie increased its interest rate projections somewhat in the latest monthly forecast from the GSE.

Ginnie Mae’s share of total residential servicing outstanding increased to 18.5% as of the end of March.

“Mortgage lenders benefited from multiple refinance rallies over the last nine months, but we don’t expect another in 2026,” said Eric Orenstein, a senior director at Fitch Ratings.

New investors include firms in Asia and Europe.

During a press conference Wednesday, Fed Chair Kevin Warsh suggested that he will wait to see recommendations from the new task forces before making any major changes at the Fed.

Recent changes by the NAIC and worsening conditions in the commercial real estate market have led insurance companies to devote more capital to non-QMs.