Will prepayment speeds on agency product continue to decline? No one knows for certain, but the UMBS 2.5 is waiting in the wings to be the new kid in town.

Ginnie Mae buyouts have remained strong this year as more issuers try their luck at the rehab game. But how long might this trade last? Several more quarters, at least. (Includes data chart.)

Two essential ingredients to making a tidy profit on Ginnie EBOs include a low cost of funds and a large balance sheet. Wells Fargo has both.

Priority Financial Network is steamed about the Ginnie application process and is searching for answers. Meanwhile, it could fund $2 billion in loans this year, including conventional, government and non-QMs.

Lenders with correspondent networks that buy already-funded mortgages (agency or otherwise) are pondering their sale options.

Investing in Ginnie Mae EBOs has been a profitable maneuver but with the forbearance picture improving, finding product to buy could get harder.

CPRs are headed in the right direction for MSR and MBS investors but for how long? Some forecasters see a rate decline coming in the fall.

The REIT giant has a reputation for being MBS-centric. But that doesn’t mean it can’t put its toes in the MSR pond too.

The complication of shifting from cash window deliveries to MBS swaps is going to cost lenders money whether they’re big or small.

After complaints from MBS investors regarding the reporting of performance of loans in non-agency deals, the Structured Finance Association released voluntary standards that could address the issue.