The largest bank holder of agency MBS at Sept. 30? That would be Bank of America at $422.1 billion.

The new pooling option aims to provide some relief for servicers of reverse mortgages.

Rithm Capital hasn’t released many details on its new security backed by MSR, but its CEO Michael Nierenberg calls the transaction “novel” and market participants expect to see more such issuance.

Correspondents gained 294 basis points of share in the third quarter, taking from both retail and brokers.

Purchase-mortgage volume grew faster than refi activity in non-agency MBS issued during the third quarter. (Includes three data tables.)

Issuance of Ginnie Mae mortgage-backed securities with refinance loans increased sharply for the third straight month in October. However, the refi business appears poised to slow as interest rates on mortgages increased through October. (Includes two data tables.)

Until recently, originations and MBS issuance were on the rise. But rising rates have introduced uncertainty in the secondary market.

The $166 million unrated deal is the first in a shifting strategy for the RTL lender.

The volume of adjustable-rate mortgages and interest-only loans flowing into expanded-credit MBS increased from the second quarter to the third.

Attendance at the ABS East conference hit another record this week, with investors showing strong demand for structured finance products. Issuance is expected to remain elevated, helped by interest rate moves.