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    <item>
      <title>Structured Finance Market Keeps Momentum Going</title>
      <author>jbancroft@imfpubs.com</author>
      <description>
        <![CDATA[The residential MBS market could see slumping production as interest rates climb and the housing market softens. Non-mortgage ABS issuance started the year strong, while CMBS production declined. (Includes three data tables.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237135</guid>
      <pubDate>Thu, 09 Apr 2026 16:24:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237135-structured-finance-market-keeps-momentum-growing</link>
    </item>
    <item>
      <title>Purchase-Mortgage Volume Plods Along in Agency Market</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Deliveries of purchase mortgages to agency MBS were essentially level in the first quarter of 2026 compared with the first quarter of 2025. Refi business remained elevated. (Includes two data tables.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237136</guid>
      <pubDate>Thu, 09 Apr 2026 11:56:37 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237136-purchase-mortgage-volume-plods-along-in-agency-market</link>
    </item>
    <item>
      <title>Warehouse Lending Elevated Ahead of March Disruption</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Warehouse borrowing capacity increased by 15.7% on an annual basis in 2025. And then interest rates on mortgages spiked in March. (Includes data table.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237137</guid>
      <pubDate>Thu, 09 Apr 2026 11:50:44 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237137-warehouse-lending-elevated-ahead-of-march-disruption</link>
    </item>
    <item>
      <title>GSE Deliveries Weaken in First Quarter of 2026</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[Large lenders increased their share in the conventional mortgage market even as their GSE volume fell. (Includes two data tables.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237102</guid>
      <pubDate>Fri, 03 Apr 2026 12:00:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237102-gse-deliveries-weaken-in-1q</link>
    </item>
    <item>
      <title>GSE Lenders Stretch Credit Envelope in First Quarter</title>
      <author>ewilley@imfpubs.com</author>
      <description>
        <![CDATA[Purchase mortgages and refinances in the highest loan-to-value ratio category accounted for a greater share of mortgages delivered to Fannie Mae and Freddie Mac in the first quarter of 2026. (Includes two data tables.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237109</guid>
      <pubDate>Fri, 03 Apr 2026 11:07:17 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237109-gse-lenders-favored-high-ltv-loans-in-1q</link>
    </item>
    <item>
      <title>Bank Sales of Mortgages Rise to 2022 Level at End of 2025</title>
      <author>ewilley@imfpubs.com</author>
      <description>
        <![CDATA[Bank mortgage sales and originations rose in the fourth quarter to levels last seen in 2022. (Includes two data tables.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237088</guid>
      <pubDate>Fri, 03 Apr 2026 11:04:24 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237088-bank-sales-of-mortgages-rise-to-2022-level</link>
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    <item>
      <title>ARM Production Bounces Back in Fourth Quarter</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[An estimated $94.00 billion of adjustable-rate mortgages were originated in the fourth quarter, up 20.5% from the third quarter. For the full year, volume shot up 44.7% to an estimated $298.00 billion. (Includes data table.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237016</guid>
      <pubDate>Fri, 27 Mar 2026 14:52:54 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237016-arm-production-back-up-in-fourth-quarter-ytd</link>
    </item>
    <item>
      <title>Home Equity Loan Originations Decline in Fourth Quarter</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Even with a 9.0% decline during the fourth quarter, production of home equity loans in 2025 was up 25.1% on an annual basis. Both depositories and nonbanks had a hand in boosting production. (Includes three data tables.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237042</guid>
      <pubDate>Thu, 26 Mar 2026 12:10:21 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237042-home-equity-loan-originations-decline-in-fourth-quarter</link>
    </item>
    <item>
      <title>Profits Sag at FHLBanks in Fourth Quarter</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[Profits declined at 10 of the 11 FHLBanks in the fourth quarter. Only FHLB Atlanta increased net income during the period. (Includes three data tables.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236974</guid>
      <pubDate>Fri, 20 Mar 2026 14:26:09 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236974-sagging-profits-at-the-fhlbanks</link>
    </item>
    <item>
      <title>GSE Seller Buybacks and Unresolved Claims Decline</title>
      <author>jbancroft@imfpubs.com</author>
      <description>
        <![CDATA[Lenders repurchased just over $2 million in defective loans from GSE mortgage-backed securities in 2025, the lowest annual total since 2020. (Includes three data tables.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236930</guid>
      <pubDate>Fri, 20 Mar 2026 14:22:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236930-gse-seller-buybacks-and-unresolved-claims-down</link>
    </item>
    <item>
      <title>Production vs Servicing Results Mixed in 4Q25</title>
      <author>jbancroft@imfpubs.com</author>
      <description>
        <![CDATA[Earnings reports from public companies showed gains in production-related and servicing income during the fourth quarter, but the broader MBA performance study found declines on both sides of the business. (Includes data tables.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236975</guid>
      <pubDate>Fri, 20 Mar 2026 13:00:30 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236975-production-vs-servicing-results-mixed-in-4q25</link>
    </item>
    <item>
      <title>Correspondents Retreat in 4Q as Brokers Forge Ahead</title>
      <author>amalatinszky@imfpubs.com</author>
      <description>
        <![CDATA[Wholesale and retail lenders expanded their mortgage production more than correspondent aggregators in the origination boomlet that took shape during the final quarter of 2025. (Includes two data tables.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237001</guid>
      <pubDate>Fri, 20 Mar 2026 12:58:32 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237001-correspondents-retreat-in-4q-as-brokers-forge-ahead</link>
    </item>
    <item>
      <title>Plenty of Investors Ready to Cover Fed’s MBS Retreat</title>
      <author>jbancroft@imfpubs.com</author>
      <description>
        <![CDATA[While depository institutions and the central bank scaled back their MBS holdings during the fourth quarter, money managers, life insurance companies and the GSEs ramped up their portfolios. (Includes three data tables.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236993</guid>
      <pubDate>Thu, 19 Mar 2026 17:11:46 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236993-plenty-of-investors-ready-to-cover-feds-mbs-retreat</link>
    </item>
    <item>
      <title>Ginnie, Non-Agency Loans Drive Servicing Higher</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[GSE servicing outstanding barely budged during 2025 while Ginnie servicing increased by 6.8% on an annual basis. In owned servicing, the only firms with major gains in 2025 were nonbanks. (Includes two data tables.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236954</guid>
      <pubDate>Thu, 19 Mar 2026 14:00:57 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236954-ginnie-non-agency-loans-drive-servicing-higher</link>
    </item>
    <item>
      <title>Ginnie MBS Issuance Sees Seasonal Plunge in February</title>
      <author>ewilley@imfpubs.com</author>
      <description>
        <![CDATA[Issuers of Ginnie Mae securities took it easy in February, producing just $38.07 billion of MBS, off 24.6% from the previous month. Purchase mortgage and refi volumes declined at similar paces. (Includes two data tables.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236908</guid>
      <pubDate>Fri, 13 Mar 2026 14:08:21 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236908-ginnie-issuance-fell-sharply-in-feb</link>
    </item>
    <item>
      <title>Non-Agency Jumbo Lending Flourished in 2025</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[Non-agency jumbo mortgages gained market share with production up nearly 40% on an annual basis in 2025. All but one of the top 10 non-agency jumbo lenders reported year-on-year increases. (Includes data table.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236888</guid>
      <pubDate>Fri, 13 Mar 2026 13:10:14 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236888-jumbo-originations-tick-up-in-fourth-quarter</link>
    </item>
    <item>
      <title>Jumbo Servicing Volume Grows in Fourth Quarter</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[The volume of jumbo mortgages handled by 30 major servicers inched up 1.3% between the end of third quarter of 2025 and yearend. Compared with the end of 2024, servicing volume was up 2.4%. (Includes data table.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236926</guid>
      <pubDate>Fri, 13 Mar 2026 13:06:17 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236926-jumbo-servicing-volume-grows-in-fourth-quarter</link>
    </item>
    <item>
      <title>Bank ABS Holdings Edge Higher in Fourth Quarter</title>
      <author>jbancroft@imfpubs.com</author>
      <description>
        <![CDATA[The two largest bank ABS investors, TD Bank and Bank of America, accounted for virtually all of the industry’s fourth-quarter growth in non-mortgage ABS. (Includes two data tables.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236895</guid>
      <pubDate>Thu, 12 Mar 2026 16:42:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236895-bank-abs-holdings-edge-higher-in-fourth-quarter</link>
    </item>
    <item>
      <title>REIT MBS Holdings Still Growing as 2025 Closes</title>
      <author>jbancroft@imfpubs.com</author>
      <description>
        <![CDATA[Most mortgage REITs took advantage of strong MBS fundamentals to increase their agency holdings in the fourth quarter. While some REITs are drawn to the surging non-QM sector, industry holdings of non-agency MBS fell last year. (Includes two data tables.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236882</guid>
      <pubDate>Thu, 12 Mar 2026 16:40:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236882-reit-mbs-holdings-still-growing-as-2025-closes</link>
    </item>
    <item>
      <title>Jumbo Share Rises in 2025 With Non-Agency Push</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Non-agency jumbo mortgages accounted for 15.4% of total single-family originations in 2025, compared with a 12.7% share in 2024. Meanwhile, agency high-balance activity declined somewhat. (Includes three data tables.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236891</guid>
      <pubDate>Thu, 12 Mar 2026 11:42:46 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236891-jumbo-share-rises-in-2025-with-non-agency-push</link>
    </item>
    <item>
      <title>GSE Deliveries Fall 11.4% in February</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[Three of the top-five GSE issuers posted declines in volume last month. Meanwhile, Fannie’s share of total residential MBS issuance fell to a decade-plus low of 24.0% in the fourth quarter of 2025. (Includes two data tables.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236849</guid>
      <pubDate>Fri, 06 Mar 2026 14:55:20 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236849-gse-deliveries-fall-115-in-february</link>
    </item>
    <item>
      <title>Nonbank Earnings Slip in 4Q25, Fail to Match 2024</title>
      <author>jbancroft@imfpubs.com</author>
      <description>
        <![CDATA[Most nonbanks reported bigger gains in lending volume in the fourth quarter of 2025 than in production income. MSR valuations continued to drive servicing income lower. (Includes data table.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236815</guid>
      <pubDate>Fri, 06 Mar 2026 12:24:20 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236815-nonbank-earnings-slip-in-4q25-fail-to-match-2024</link>
    </item>
    <item>
      <title>Agency Market Phones It In, Rate Refis Slow in February</title>
      <author>jbancroft@imfpubs.com</author>
      <description>
        <![CDATA[Secondary-market sales of agency loans followed seasonal patterns last month. Although purchase-mortgage volume saw the biggest decline, the sector still accounted for 55.8% of agency issuance last month. (Includes two data tables.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236821</guid>
      <pubDate>Thu, 05 Mar 2026 17:00:00 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236821-agency-market-phones-it-in-rate-refi-slows-in-february</link>
    </item>
    <item>
      <title>Retail Channel Regains Some Share in 2025</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[The correspondent share of mortgage originations shrank in 2025, with retail picking up most of the slack. Both channels remained well ahead of the wholesale channel. (Includes six data tables.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236833</guid>
      <pubDate>Thu, 05 Mar 2026 12:09:35 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236833-retail-channel-regains-some-share-in-2025</link>
    </item>
    <item>
      <title>FHA, VA Refi Endorsements Soar in Fourth Quarter</title>
      <author>ewilley@imfpubs.com</author>
      <description>
        <![CDATA[VA refinance activity more than doubled in the fourth quarter and FHA refi volume was up 55%. United Wholesale Mortgage was the top lender in both government loan programs. (Includes three data tables.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236798</guid>
      <pubDate>Fri, 27 Feb 2026 16:36:50 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236798-government-refi-endorsements-exploded-in-4q</link>
    </item>
    <item>
      <title>First-Lien Holdings at Banks Continue to Rise in 4Q</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[Holdings of first-lien mortgages at commercial banks and savings institutions increased just 0.3% from the end of the third quarter to the fourth. All of the increase was driven by a 14.6% jump in holding of adjustable-rate mortgages. (Includes data table.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236796</guid>
      <pubDate>Fri, 27 Feb 2026 13:40:53 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236796-first-lien-holdings-at-banks-and-thrifts-continue-to-rise-in-4q</link>
    </item>
    <item>
      <title>Select Portfolio Loses Some Servicing Market Share in 4Q</title>
      <author>azimmardi@imfpubs.com</author>
      <description>
        <![CDATA[Select Portfolio Servicing and Newrez/Shellpoint, the top two servicers of non-agency MBS issued during the fourth quarter of 2025, handled nearly 50% of the market. But both lost market share. (Includes data table.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236801</guid>
      <pubDate>Fri, 27 Feb 2026 13:30:00 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236801-non-agency-mbs-servicing-is-flat-in-fourth-quarter</link>
    </item>
    <item>
      <title>Fannie Mae, Freddie Mac Profits Decline in 2025</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[Despite remarkably stable revenues and meaningful improvements in mortgage rates, below-the-line factors at Fannie and Freddie took a significant bite out of profits in 2025. (Includes data table.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236739</guid>
      <pubDate>Fri, 20 Feb 2026 14:52:40 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236739-gse-profits-ebb-in-2025</link>
    </item>
    <item>
      <title>Mortgage-Banking Earnings at Banks Level Off in 4Q</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[When excluding a one-time jump in Capital One’s earnings, mortgage-banking earnings at banks and thrifts declined by 2.9% during the fourth quarter of 2025. Still, earnings for the full year improved compared with 2024. (Includes data table.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236732</guid>
      <pubDate>Fri, 20 Feb 2026 12:30:31 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236732-mortgage-banking-earnings-at-banks-level-off-in-4q</link>
    </item>
    <item>
      <title>Bank Servicing Declines in 4Q, MSR Fair Values Up</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Servicing for others by banks declined by 0.6% during the fourth quarter of 2025. Meanwhile, the fair value of MSRs classified as serviced for others increased. (Includes data table.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236728</guid>
      <pubDate>Fri, 20 Feb 2026 12:27:34 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236728-bank-servicing-declines-in-4q-msr-fair-values-up</link>
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