President Trump this week nominated Michael Bright to be president of Ginnie Mae after serving nine months in the post as acting president of the secondary mortgage market agency.
Issuance of the government-sponsored enterprises’ credit-risk transfers has been growing consistently over the last five years, according to Suzanne Mistretta, senior director at Fitch Ratings.
After an extended period of steady growth in its investment in the residential MBS market, the banking industry changed course in early 2018 and reduced its participation in the market, according to a new Inside MBS & ABS ranking and analysis.
Caliber Home Loans has announced pricing of a uniquely structured private offering of secured term notes backed by Ginnie Mae mortgage servicing rights and excess servicing spreads.
Production of non-agency jumbo mortgages declined significantly in the first quarter of 2018, according to a new ranking and analysis by Inside Nonconforming Markets. An estimated $60.0 billion of jumbos were originated in the first quarter, down 26.8 percent from the previous period. Jumbo production was also off 13.0 percent from the first three months of 2017. The decline in jumbo volume was greater than the slowdown in the overall mortgage ... [Includes one data chart]
cchappell@imfpubs.com Although a stronger economy, wage growth and an improved job market is driving home prices upward in 2018, Lawrence Yun, chief economist of the National Association of Realtors, said a low supply and widespread affordable housing shortage will dampen sales. In his 2018 midyear forecast he said more new housing starts are needed… …
Mortgage-backed security investors remain interested in non-qualified mortgages, though the hot market may be cooling off. A particularly large non-QM MBS from an affiliate of Western Asset Management Company was delayed in closing and downsized slightly as some firms suggest that returns in the market slipped in the first quarter. WAMC’s Arroyo Mortgage Trust 2018-1 was initially sized at $1.25 billion, according to presale reports published near the end of April by ...
California continues to account for the largest share of non-agency jumbo originations but it lost some market share in 2017, according to an Inside Nonconforming Markets analysis of data from the Home Mortgage Disclosure Act. Some $317.29 billion of jumbos were originated in 2017, down 9.7 percent from the previous year. The analysis is based on originations of first-lien, single-family mortgages, with loan-limits determined at the county level. Originations of ... [Includes one data chart]
RSS