Steve Harris, president of MIAC Analytics, noted that plenty of investors are interested in non-QMs, helping to keep prices elevated.

Ginnie Mae is instituting a temporary 10% cap on the share of mortgages with buydowns delivered into multiple issuer pools of Ginnie MBS.

The REIT had $130.3 million of net income in the first quarter, down 72.5% compared with the previous quarter.

“A decline in interest rates resulted in higher valuations,” Redwood noted.

The House Financial Services Committee moved a bill forward that would reduce the budget for the Consumer Financial Protection Bureau by close to 70%.

The data the Federal Reserve relies on shows a slowing economy but also increased risk of inflation.

Home prices increased by 0.1% on a monthly basis in February.

Sales of existing homes declined in March on a monthly basis and compared with March 2024.

CrossCountry contributed $942.1 million in loans to expanded-credit MBS issued during the first quarter of 2025.

Only three other prime non-agency MBS have hit the market this month.