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Freddie Mac’s weekly Primary Mortgage Market Survey shows fixed mortgage rates decreased as purchase demand continued to tumble.

SGR 2022-2 is a $349.5 million non-prime RMBS transaction comprising 670 residential mortgages, with 51.6% of the loans categorized as Non-QM.

CEO says company reduced staff as it focuses on expense management.

UWM is entrenching itself in the Non-QM market despite investors shying away from Non-QM MBS packages.

Profit margins on single-family homes and condo sales hit another record of 55.5%.

NMP poll also shows pessimism about profits and refinancing business.

CEO calls results 'solid,' says GSE has built enough equity to withstand 'potential economic stress.'

New team in Minneapolis led by branch managers Robert Clausen and Quan Hargrove