While the market value of residential MBS fell in the first quarter, the volume of outstanding securities continued to grow. (Includes two data charts.) Read More

An unexpected surge in inflation briefly created a “no-bid” moment for agency MBS. Read More

Non-QM lending may sound good to conventional originators looking to bolster their menus, but headwinds are still evident. Low-yielding paper still needs to be moved but financiers and acquirers are having second thoughts. Read More

Weak MBS trading activity usually isn’t a good sign. To some it portends a lack of liquidity, to others cloudiness in a market that has lost its way. Regardless, daily MBS trades in May were not pretty. Read More

Fannie Mae will publish refi application activity on a weekly basis, helping MBS investors better gauge prepayment trends. Read More

Recent court rulings on litigation involving non-agency MBS issued prior to 2008 are setting new precedents, with broad ramifications. Read More

For now, the market is well served by two to four master servicers. But if any of them exit the market, servicing costs and transaction fees could increase. Read More

Vacancy rates for single-family home rentals are expected to remain stable in the months ahead, but the rapid rise in rents is likely unsustainable, according to industry experts. Read More