Securitization of closed-end second liens more than doubled in the first quarter of 2024 compared with the previous quarter.

Non-agency MBS issuance totaled $16.90 billion in the first quarter, up 66.9% from the fourth quarter.

Ginnie said the new loan-level default data will help it “better understand servicer liquidity stress and loss mitigation outcomes and improve sampling methodologies.”

Applications increased even as interest rates rose.

The offering from Chase's conduit is the largest jumbo MBS from the conduit since 2022. And Chase is doubling up, with a separate deal stocked with mortgages originated by the bank.

Fun fact: Expanded-credit deals were the biggest source of new issuance in the first quarter...

Non-QM lenders appear to be faring a little better than their conventional and government brethren...

There's a disconnect between inflation readings and reactions to the figures, according to Sam Khater, chief economist at Freddie Mac.

Morgan Stanley is packaging GSE-eligible mortgages for investment properties into non-agency MBS.

On an annual basis, the holdings increased by 3.2%.