The last time Chase issued an MBS focused on ARMs from other lenders was 2019.

Much of the increase in impairments in August was tied to new 30+ day impairments, which increased by 59 basis points.

The average interest rate on a 30-year fixed-rate mortgage increased by four basis points from last week to 6.30%.

Revisions to disclosure requirements could prompt the issuance of publicly-registered non-agency MBS, which could eventually lead to additional demand from investors.

The securitization rate for residential mortgages came down after reaching an elevated level in the first quarter of 2025. The rate declined for both GSE-eligible mortgages and non-agency loans during the second quarter. (Includes data table.)

Ginnie Mae’s share of total servicing outstanding rose to 18.1% as of the end of June. Meanwhile, banks are adding to their servicing. (Includes two data tables.)

Economists at Fannie Mae and the MBA differ on how low interest rates on mortgages will go next year. Fannie is also more optimistic about the outlook for unemployment.

After agreeing to unload its production unit to Union Home Mortgage, Sierra Pacific Mortgage is separately set to sell MSRs.

Hugh Frater, a former CEO of Fannie Mae, warned that merging the GSEs could reduce incentives for innovation and competition on pricing, among other issues.

Redfin cited four factors suppressing demand for home purchases: high home prices, elevated interest rates, limited inventory of homes for sale and economic uncertainty.