Secondary markets

The REIT issued its second securitization of the year in June, while also purchasing or locking $50 million in newly originated loans.

Product availability for July remained at levels last seen in 2013 as rates briefly broke above the 7% mark during the month, the Mortgage Bankers Association said.

The new technology expands the capabilities of automation used to obtain digital transcript information from self-employed borrowers.

Their links to the Treasury have been considered a source of strength and still are, but less so, according to one rating agency. Others disagree.

A second quarter profit followed two fiscal periods in the red, but the firm had to overcome a $33 million negative mortgage-servicing rights valuation.

The move was "not being driven by fundamental credit, capital or liquidity deterioration at the firms," the firm said.

But the senior housing portfolio is starting to show signs of significant stress, causing the multifamily sector's delinquency rate to rise by 200% year-over-year.

Hedging affected earnings available for distribution, although the company is now profitable again using standard accounting.

But the government-sponsored enterprise is still concerned about the fiscal health of its lender counterparties as volumes are down considerably from last year.

But mortgage numbers remain historically very low and fall short of pre-pandemic levels, according to VantageScore's latest monthly report.