Analysts predict that a rate cut later this month could be as high as 50 basis points.

The outlook for Fed action is largely positive for MBS investors, with interest rate volatility expected to decline. Still, rate cuts will introduce a risk that has been limited for years: prepayments.

Ginnie issuers say cyber reporting standards are too onerous; SEC fines CLO manager; SEC fines rating services for inadequate recordkeeping; T-Mobile ABS sputters; DoubleLine reduces management fee.

Originations of both non-agency and conforming jumbo mortgages increased in the second quarter. Combined, they accounted for 16.1% of first-lien originations. Meanwhile, home price appreciation is slowing. (Includes three data tables.)

The Federal Reserve is widely expected to reduce the federal funds rate on Sept. 18. The initial rate cut is already priced in to mortgage rates.

Locks for rate/term refis doubled in August compared with July.

The discount applies to most types of refis, through Oct. 31.

The Loan Store acquired Homepoint Financial’s wholesale lending operations last year.

The Fed's anticipated rate reduction is already baked into mortgage interest rates...

It’s the first jumbo MBS from Redwood since 2015 to include full advancing.