Ellington Financial is making investments in lenders that originate non-QMs.

Removal activity had increased in each of the previous four quarters.

Fed Chair Jerome Powell continued to insist that changes to the federal funds rate will depend on economic trends.

The MBS Annaly started marketing in early April went through at a spread that likely wouldn’t have been achievable as recently as three years ago, according to officials at Annaly.

Locks for purchase mortgages were essentially level on a monthly basis in May, according to Mortgage Capital Trading.

Recent comments by the FHFA director suggest the Trump administration has no immediate plans to release Fannie and Freddie from conservatorship. Rather, FHFA will continue to focus on fraud and abuse at the enterprises.

SPS handled servicing for 30.1% of all non-agency MBS issued in the first quarter.

Volume was up 43.3% from the fourth quarter of 2024.

The firms acquire non-agency mortgages and own stakes in non-agency lenders.

“We do believe that tariffs overall will be finalized... and I actually think interest rates will go down because of it,” said Mat Ishbia, chairman and CEO of United Wholesale Mortgage.