The company measured its economic return at 9.3% in the third quarter...

FHFA plans for board structure changes; Justice Department sues Rocket over refi discrimination; Redwood markets jumbo ARM securitization; LoanCare launches digital recapture product.

Fannie Mae instituted a similar suspension for the mega broker in April.

“If we had a major economic downturn, I don’t know what kind of havoc we would have right now, because there’s no stability,” said Ted Tozer, a former president of Ginnie Mae.

To this point, many of the jumbos Citi’s correspondent unit originates have been held for investment by Citi rather than delivered into the secondary market.

Noncore products are loans in which the non-agency market competes with the GSEs.

Chimera will pay $30 million upfront for Palisades Group and an earnout of up to $20 million.

Some $93.98 billion of non-agency MBS was issued year-to-date through September, putting the market on track for its best year since 2021.

Ginnie Mae Acting President Sam Valverde said loan-level securitization could help liquidity.

Applications for refis declined by 26% last week.