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.

Renters save an average of $920 per month compared to buyers.

Some $8.60 billion of conforming jumbos flowed into GSE mortgage-backed securities issued during the first quarter, an 11.0% decline from the previous quarter.

Agency MBS issuance declined on a quarterly basis in the first quarter of 2026 while non-agency MBS issuance hit the highest level since the financial meltdown of 2007.

Locks for conforming mortgages lost market share to FHA loans and nonconforming mortgages in March, according to Optimal Blue.

Issuance of non-agency mortgage-backed securities increased 34.2% from the fourth quarter of 2025 to the first quarter of 2026, according to a new ranking and analysis by Inside Nonconforming Markets.