Issuers that weren’t active in the first quarter accounted for 43.5% of the home equity securitization volume seen in the second.

Prices were flat nationally in May, though they declined in four of nine regions across the country.

NYCB scales back with sale of Flagstar’s mortgage operations; Cornerstone Bank makes leadership hires; MISMO working group on AVMs; AI updates.

Originations in the first half of 2024 increased by 4.1% compared with the first half of 2023.

Goldman has an ABS with home improvement loans and Kiavi Funding is offering a rated RTL securitization.

The lender ranked 35th in the industry in terms of originations in the first half of 2024, according to Inside Mortgage Finance.

“Against this backdrop of diverging economic and monetary policy outlooks, fixed-income markets became more cautious and intra-quarter volatility increased,” said Peter Federico, president and CEO of AGNC.

Mr. Cooper's servicing portfolio will hit an unpaid principal balance of $1.56 trillion following its acquisition of servicing from Flagstar Bank.

Non-agency securitization involving home equity increased by 39.3% in the second quarter even as some big players pulled back. Issuers that weren’t active in the first quarter helped fill the void. (Includes two data tables.)

Two large REIT investors in agency MBS incurred losses in the second quarter, due to interest rate volatility and an unaccommodating monetary policy stance. Still, they are optimistic about the future.