Two prominent non-QM lenders failed in recent months amid volatility in the market. Non-agency aggregators suggest that the issues were lender-specific and the market is improving.

With limited demand for refinancing, lenders are peddling other products. While nonbanks are offering home-equity loans, some lenders are selling mortgages with a reduced-fee refi option down the road.

The REIT’s investments in MSRs increased by 20.2% in the second quarter, based on unpaid principal balance, to $109.0 billion as of the end of June. Annaly sees the assets as a nice hedge to its traditional investments in agency MBS.

When a company right-sizes operations, how many employees lose their job?; margins improve in the second quarter; applications for refis increase.

Income from MSR markups declined and origination units took losses in the second quarter.

Declining originations and margin cut into mortgage-related earnings at 24 key lenders.

The bulk of PennyMac's income in the second quarter of 2022 was tied to servicing.

The REIT paid a $325 million fee to an affiliate of Fortress Investment Group to shift to internal management.

The Urban Institute said pandemic-related forbearances appear to have greatly benefitted consumers.

Housing provisions didn't make it into the Inflation Reduction Act, but there are some positive developments for the mortgage industry on taxes.