The 30-year fixed mortgage rate averaged 5.98%, the lowest level since September 2022, down from 6.01% last week, mortgage finance company Freddie ‌Mac said on ⁠Thursday. It ⁠averaged 6.76% during the same period a year ago. The The drop followed a decline in the benchmark 10-year U.S. Treasury yield after the U.S. Supreme Court on Friday struck down Trump's sweeping tariffs. In response, Trump imposed a 10% global tariff, before raising the rate to 15%. The 30-year fixed-rate mortgage tracks the Economi ...

WASHINGTON, Feb. 26, 2026 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA)Â January 2026 Monthly Summary is now available. The monthly summary report contains information about Fannie Mae's monthly and year-to-date activities for our gross mortgage portfolio, mortgage-backed securities and other guarantees, interest rate risk measures, and serious delinquency rates. ...

By Lucia Mutikani WASHINGTON, Feb 26 (Reuters) - The average rate on the popular U.S. 30-year fixed-rate mortgage fell below 6% this week for the first time in 3-1/2 years, but economists said the improvement was likely temporary and on its own insufficient to boost housing demand unless ‌supply increased. The 30-year fixed mortgage rate averaged 5.98%, the lowest level since September 2022, from 6.01% last week, mortgage finance agency Freddie Mac said ‌on Thursday. It averaged 6.76% during the same p ...

Ellington Financial (NYSE:EFC) Q4 2025 Earnings call February 26, 2026 11:00 AM ET Company ParticipantsAlaael-Deen Shilleh - Director of Investor RelationsJ.R. Herlihy - CFO and TreasurerJason Weaver - Managing Director, Equity ResearchLarry Penn - President and CEOMark Tecotzky - Co-Chief Investment OfficerTimour Daghestani - Senior Equity Research AssociateTrevor Cranston - Director, Mortgage Finance Equity ResearchConference Call ParticipantsBose George - AnalystDouglas Harter - Managing Director, Senior ...

Earnings Conference Call February 26, 202 6 Q4 2025 Q4 2025 EARNINGS Important Notice Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve numerous risks and uncertainties. Our actual results may differ from our beliefs, expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as pre ...

Group 1 - Freddie Mac released its Monthly Volume Summary for January 2026, detailing mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities, and other investments [1] - The company aims to enhance liquidity, stability, and affordability in the housing market across various economic cycles [2] - Since its inception in 1970, Freddie Mac has assisted tens of millions of families in buying, renting, or maintaining their homes [2]

Core Viewpoint - Federal Agricultural Mortgage Corporation (AGM), also known as Farmer Mac, is a Government-Sponsored Enterprise (GSE) focused on supporting financing for agriculture and infrastructure in rural America [1]. Company Overview - AGM's mission is to facilitate financing in the agricultural sector and rural infrastructure [1]. - The company operates as a GSE, which indicates its role in enhancing the availability of credit in the agricultural market [1]. Investment Position - The analyst has a beneficial long position in AGM shares, indicating confidence in the company's future performance [2].

分组1 - Luxury sleepwear brand Couv Collections is launched by influencer Claire Couvillion Smith, focusing on a feminine aesthetic and diversifying beyond sponsored content [1] - The brand has undergone two years of development, including custom patterns and hands-on design, indicating a strong commitment to quality [1] - Smith is scaling the business with her sister as operations manager while managing motherhood and planning additional product lines for home and baby [1] 分组2 - The average long-term U.S. mortgage rate has decreased to 6.01%, the lowest level in over three years, down from 6.09% the previous week [2] - This rate is significantly lower than the 6.85% average from one year ago, reflecting a modest pullback in mortgage rates [2] - The current rate is the lowest since September 8, 2022, when it was recorded at 5.89% [2] 分组3 - Walmart has issued a cautious earnings outlook, indicating concerns over a "hiring recession," rising student-loan delinquencies, and trade uncertainty [3] - Despite improved sentiment, executives at Walmart are observing increasing pressure on consumers and widening income gaps, suggesting a fragile spending environment [3] - The company's outlook serves as a bellwether for overall consumer health, highlighting potential challenges in the retail sector [3]

For the full year 2025, MFA paid common dividends of $1.44 and delivered a total economic return of approximately 9%. Performance was bolstered by the deployment of excess cash into target assets to eliminate earnings drag, including the acquisition of $1.2 billion in Agency securities, $443 million of non-QM loans, and $226 million of business purpose loans originated by Lima One. The company is aggressively resolving delinquent loans, having cleared over $150 million in Q4, which unlocks capital for ...

Financial Data and Key Metrics Changes - As of December 31, GAAP book value was $13.20 per share, and economic book value was $13.75 per share, both showing modest increases from the end of September [21] - Total economic return for the fourth quarter was 3.1% and 9% for the full year of 2025, with total shareholder return for the year at 6% [11][21] - GAAP earnings for the fourth quarter were $54.3 million, or $0.42 per basic common share, with net interest income at $55.5 million, a slight decline from $56.8 million in the previous quarter [23] Business Line Data and Key Metrics Changes - In the fourth quarter, the company acquired $1.9 billion of loans and securities, including $1.2 billion of agencies and $443 million of non-QM loans [13] - The agency book grew by over 50% to $3.3 billion during the quarter, with a focus on low pay-up spec pools [29] - Lima One originated $226 million of new loans in the fourth quarter, including various types of loans, contributing to $5.7 million of mortgage banking income [32] Market Data and Key Metrics Changes - The Bloomberg US Aggregate Index increased by 7.3% in 2025, following a decline of 7.1% over the previous three years [6] - Treasury rates declined, with 2-year yields dropping 77 basis points and 10-year yields dropping by 39 basis points, leading to a steepening of the 2-10 spread from 32 basis points to 70 basis points [7] Company Strategy and Development Direction - The company is focused on increasing earnings and return on equity (ROE) through strategic initiatives, including deploying over $100 million of excess cash into target assets [12] - The company plans to relaunch multifamily lending and has made investments in technology and sales force at Lima One to enhance growth [14][15] - The company is optimistic about 2026, expecting supportive government policies and favorable market conditions to drive growth [10] Management's Comments on Operating Environment and Future Outlook - Management noted that 2025 felt like an exit from a challenging period for fixed income investors, with lower rates and volatility creating a favorable environment for the mortgage market [5][9] - The company expects to see the results of its strategic initiatives reflected in financials in 2026, with a focus on resolving delinquent loans and reducing expenses [17][20] Other Important Information - The company reported a decline in general and administrative (G&A) expenses to $119 million in 2025 from $132 million in 2024, achieving a reduction of approximately 9.5% [25] - Approximately 40% of the 2025 common dividends were treated as a tax-deferred return of capital, enhancing the after-tax yield for shareholders [21][22] Q&A Session Summary Question: Can you talk about the run rate ROE on your EAD once loss provisions are through? - Management indicated that DE on a lossless basis was in the 8%-9% range, expected to rise to 10-11% in the back half of 2026 [44] Question: Can you discuss the re-entry into the multifamily market? - The company is targeting higher quality loans with larger unit sizes and an originate-to-sell model to capture fees [46] Question: How do you think about the potential deals that could be called? - Management noted that several deals could unlock $50 million-$100 million of capital for reinvestment [52] Question: How should we think about capital allocation going forward? - The expectation is to initially increase investments in the agency portfolio before transitioning to non-QM and BPL asset classes [55] Question: What are your expectations for margins and total volumes throughout the year? - The company anticipates healthy spreads and significant growth potential, particularly in the back half of the year [70]