"More sellers are entering the market partly because some of them have come to terms with today's somewhat slow housing market; they are accepting that they may need to sell for a slightly lower price than they want, and it may take them slightly longer to do so," Redfin said.
Even when excluding a large issuance in the first quarter of seasoned closed-end second liens, securitizations of home equity loans declined on a quarterly basis in the second quarter. (Includes three data files.)
Off and on since 2013, Egan-Jones Ratings Company has sought certification from the SEC for ratings of ABS. Last week, the SEC denied the latest application from the rating service.
Refi volume declined by 32.7% from the first quarter to the second but nearly doubled year to date. Meanwhile, purchase-mortgage originations increased by just 4.7% year to date. (Includes five data tables.)
The increase in the delinquency rate in the second quarter of 2026 erased improvements seen in the first quarter. Delinquencies are also expected to rise through the end of the year. (Includes two data tables.)
Some subservicers are offering to pay deboarding fees charged by competing subservicers to help prompt transfers. MSR owners have some hesitation beyond fees, including risks from transfers.