A&D Mortgage credited its acquisition of Flagstar Bank's TPO platform for growing its lending footprint.

Castlelake, Redwood team to purchase up to $8 billion of prime loans; MBA's Broeksmit signals support for Basel III reproposal; Single-family housing starts increase in March.

The fair value of mortgage servicing rights improved as interest rates increased near the end of the first quarter.

The impairment rate on securitized non-qualified mortgages declined by 28 basis points on a monthly basis to 6.9% as of the end of March, according to dv01.

Issuance increased across product types during the first quarter, including a 50.4% increase in volume involving investment-property mortgages, hitting $14.10 billion.

Two closed-end seconds securitizations began marketing this week, each sized at about $285 million.

FHFA Director Bill Pulte dismissed concerns about adverse selection risk tied to the optionality for lenders on FICO scores and VantageScore.

Annaly’s income dropped by 71.5% compared with the fourth quarter. But the real estate investment trust was profitable while other REITs that focus on agency MBS have posted losses for the first quarter.

A total of $69.89 billion of non-agency MBS came to market in the first three months of the year, a 34.8% increase from the fourth quarter.

“Government policy is squarely in the driver seat, defining and driving outcomes,” said Smriti Popenoe, co-CEO and president of Dynex Capital.