MBA punts on recession forecast; interest rates on mortgages expected to decline; Flagstar merger dragging on; homeowners want mortgage financing for energy improvements.

With FHA loan performance relatively strong and the spike in interest rates this year, early buyout activity from Ginnie MBS is limited. Overall, removals are slowing thanks to elevated interest rates. (Includes data chart.)

Higher interest rates aren’t cutting into the issuance of auto ABS this year and there are few concerns about loan performance.

The two largest REITs in terms of holdings of agency MBS noted extreme volatility in the second quarter while also suggesting that market dynamics are set to improve.

Annaly's net income declined by almost 60% on a sequential basis in the second quarter.

The federal government should move forbearance to the front of the loss-mitigation waterfall, researchers at the Urban Institute proposed. A similar policy during the pandemic did more good than harm, they found.

Freddie’s income declined by 35% in second quarter; home price appreciation chugged along; loan applications at low levels; delinquencies increase.

Spreads are widening on CRT products, indicating a lack of investor interest. Simultaneously, the GSEs are reducing their deal sizes and issuance is expected to decline.

Net income at Mr. Cooper Group declined by 77.1% on a sequential basis to $151 billion in the second quarter.

Volume was down nearly 60% from the first three months of the year as investor demand plummeted.