Cardinal Financial issued the first Ginnie Mae MBS backed by VA loans with FICO 10 T credit scores.

ABS receive no-action relief on Rule 15c2-11 reporting; Ellington Management Group to securitize closed-end second liens.

The real estate investment trust sees positives in agency MBS despite concerns around the future of the GSEs.

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.