Most of the increase in the impairment rate in May was from delinquencies.

The ARM share of first-lien originations also declined somewhat, as interest rate trends in the first two months of the first quarter made fixed-rate mortgages somewhat more attractive than ARMs.

Days after issuing a $1.02 billion expanded-credit MBS, Annaly is marketing a $1.01 billion deal.

Sales of new homes declined on monthly and annual bases in May.

A total of $545.80 billion of non-agency MBS backed by single-family mortgages was outstanding at the end of March.

H.R. 6644, the 21st Century ROAD to Housing Act, is being hailed as the most significant housing legislation from Congress in three decades.

Annaly was the top producer of nonconforming loans through the correspondent channel among the survey group, increasing its production by 9.9% to $5.08 billion.

New investors include firms in Asia and Europe.

During a press conference Wednesday, Fed Chair Kevin Warsh suggested that he will wait to see recommendations from the new task forces before making any major changes at the Fed.

Recent changes by the NAIC and worsening conditions in the commercial real estate market have led insurance companies to devote more capital to non-QMs.