Homes for sale that went under contract in February were on the market for an average of 54 days, the longest period for any February since 2020, according to Redfin.

Among 16 REITs that focus on investments in mortgage assets, holdings declined by 3.7% during the fourth quarter.

PennyMac has marketed an average of one non-agency MBS with GSE-eligible mortgages for investment properties per month since November.

Nonprime servicing volume among companies in the analysis has increased every quarter since 2020.

FHA activity fell 16.8% while VA production was down 15.1% from January.

Demand for both purchase mortgages and refinances increased last week.

The share of specified pools of GSE MBS increased from 40.7% in 2023 to 44.4% last year.

“We continue to see nearly zero [non-QM] loans hit the liquidation stage,” dv01 said.

The February lull is a common seasonal occurrence.

“I think that the bid for the whole loan itself and the ability to have a lot more control and cherry pick what you want on your balance sheet has been very strong,” an executive at a major life insurance company said.