The Federal Reserve reported $445.78 billion of non-agency MBS outstanding at the end of March, up 2.6% from December.

Home prices are slowing and an expected decline in interest rates could prompt further changes in the trajectory of home prices.

PMT is a sister company to PennyMac Financial Services, one of the largest lender/servicers in the nation.

Panelists at the Non-QM Forum noted the growing demand for non-QM whole-loan sales.

Hometap started offering HEIs in 2018 and has originated 11,373 HEI contracts across 18 states with an aggregate investment amount of more than $1.1 billion, according to Morningstar.

“There have been just two months in the past decade with fewer home sales [than in May 2024]: October 2023, when mortgage rates jumped to a 23-year high, and May 2020, when the onset of the pandemic brought the housing market to a halt and home sales to a record low,” Redfin said.

Banks and thrifts held $2.52 trillion of first liens in portfolio as of the end of March.

Redfin’s homebuyer demand index declined by 2% on a monthly basis in early June.

It’s the first non-agency MBS with a significant amount of electronic promissory notes, according to Moody’s Investors Service.

Newfi said it chose Dunmor as a partner because of its technological expertise in the RTL space.