Northpointe Bank could raise upwards of $200 million via an initial public offering. The bank said the IPO could help to double its warehouse lending business and increase production of a unique non-agency mortgage.

Income jumped by 50% on a quarterly basis at PennyMac Financial Services in the fourth quarter.

David Finkelstein, CEO and co-chief investment officer of Annaly Capital Management, said the agency MBS market is “healing well” following volatility in 2022 and 2023.

To increase already substantial market shares, nonbank mortgage companies are investing in proprietary technology for originations and servicing.

McCargo joined the FHLBank in June.

FCC one-to-one consent rule vacated; CFPB details cash-out refi usage; RiskSpan launches MSR analytics offering; AI tool helps with mortgage applications in Spanish.

Issuance of both closed-end second liens and home equity lines of credit declined in the fourth quarter. For the full year, securitization of home equity loans dwarfed 2023. (Includes two data tables.)

Actions by the Federal Reserve are helping to reduce volatility in the agency MBS market. Investors are comfortable with current conditions, with supply and demand seen as being in balance.

The MBS is stocked with investment-property mortgages eligible for sale to the GSEs. Bayview Asset Management last issued a non-agency MBS on its Oceanview shelf in October 2022.

“We control an overnight rate,” the Federal Reserve chair noted.