CrossCountry has a separate MBS issuance partnership with Hildene Capital Management, though that’s focused on expanded-credit mortgages.

AGMIT acquired $136.9 million of home equity loans in the third quarter and has committed to purchasing another $200 million in loans over the next several months.

Refis account for 15.0% of the planned $365.3 million issuance.

While agency MBS issuance surged in October, some of the top sellers posted declines in volume compared with September.

The modest decline in delinquencies in the third quarter was tied to early-stage delinquencies, while later-stage delinquencies increased.

The 10-year opened the day at 4.258% and spiked to nearly 4.50%.

Non-agency MBS is offering better execution, in some instances, than the GSEs for investment-property mortgages.

Uncertainty regarding election results could cause some interest rate volatility in the near term.

The issuance is linked to HELOCs that have seasoned for an average of 28 months.

Sam Khater, chief economist at Freddie Mac, suggested that interest rates on mortgages could level off soon.