Ginnie issued around $27.10 billion in MBS with single-family mortgages in January, a 5.7% decline from December and notably smaller than that month's decline of 14.2%.

Investigations by the Department of Justice and Securities and Exchange Commission linger over Sterling Bank & Trust's non-QM program closed in 2019.

Bill Emerson will serve as interim CEO of Rocket companies.

Upwards of $1.0 billion of non-QMs are sitting on warehouse lines that would have typically been sold months ago, according to one estimate.

After nine months of declines, rate locks increased in January.

Issuance of Ginnie Mae MBS declined again in January, though at a slower pace than the drop-off seen in the final months of 2022. PennyMac was the top issuer during the month. (Includes two data charts.)

Issuance of prime non-agency MBS nearly ground to a halt during the fourth quarter. For the full year, activity was down almost 60%. (Includes three data charts.)

Angel Oak Mortgage is among the nonbanks trying to sell off somewhat seasoned non-QMs that have interest rates well below prevailing rates.

Redwood Trust scaled back its jumbo business in 2022 and doesn’t have plans for a significant expansion any time soon, even with Wells Fargo’s exit from the correspondent channel.

Shellpoint Mortgage Servicing handled servicing duties on close to 50% of the non-agency MBS issued in the fourth quarter. Select Portfolio Servicing reduced its activity during the quarter. (Includes data chart.)