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.

Annaly Capital Management’s Onslow Bay Financial remained the top issuer of expanded-credit MBS in the third quarter.

The REIT is off slightly from its pace in the second quarter. However, executives are optimistic that rising product demand and bank partnerships should continue to spur growth.

Nearly all of the loans in Provident’s MBS are for primary residences.

Applications for refis declined while demand for purchase mortgages ticked up last week.