“Our agency portfolio benefitted from meaningful spread tightening during the quarter driven by increased MBS demand and declining volatility,” said David Finkelstein, CEO and co-chief investment officer of the REIT.

“Someday hopefully the mortgage market will come back, and that will help us but ... we’re not counting on it,” said Rajinder Singh, chairman, president and CEO of BankUnited.

Many expect issuance of both expanded-credit MBS and securitizations of home equity loans in 2026 to top the volume seen this year.

Attendance at ABS East hit another record this year.

The Ohio-based bank had $43 million in mortgage-banking income in the third quarter, up 54% from the second quarter.

The prepayment rate on agency MBS reached the highest level in 11 months in September, with another increase expected in October.

Equifax and Experian made similar moves recently.

Home prices have ticked down on an annual basis for 10 consecutive months.

The prepayment rate on agency MBS hit a high for the year in September and that’s expected to be topped again in October. Analysts note that their prepayment models are off due to changes in lenders’ practices.

Santander Bank is issuing a securitization of closed-end second liens sourced from Pennymac. Also, an affiliate of PIMCO is offering a securitization of seasoned HELOCs.