The nonbank saw an improvement in margins and sold servicing during the second quarter.

Lending remained unprofitable for the nonbank in the second quarter.

Fitch's downgrade of its rating for the U.S. influenced interest rates on mortgages and had ramifications for GSE CRT.

If the proposal is implemented, some mortgage originations that have gone into bank portfolios would likely go into MBS instead. The impact on bank investment in MBS and ABS looks to be much more modest.

Margin requirements for the to-be-announced market received another approval from the SEC this week. However, a legal challenge could further delay implementation.

There’s an MI-linked CRT from Essent, a seasoned CRT from Freddie Mac and a non-agency deal from Jefferies; Goldman to issue commercial MBS with Amazon shipping facilities.

The proposal would change risk weights for mortgages in bank portfolios based on LTV ratios. Close to 20% of mortgages not sold by banks in 2022 had LTV ratios for which higher capital requirements would apply.

Ocwen's income received a $28 million boost from “favorable adjustments to significant legal and regulatory settlement expenses.”

The mortgage market was "weaker than expected" in the second quarter, according to Black Knight's executive chairman.

Freddie Mac improves income verification options for self-employed borrowers.