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The Guessing Game Continues for FHA and Ginnie Posts

May 21, 2021
Paul Muolo
Ginnie Mae hasn’t had a “confirmed” president since early 2017. Is that about to change?
Read More

FHA Clarifies COVID-Related Loss-Mitigation Options

May 21, 2021
Maria Volkova
Lenders can begin reviewing borrowers for loss-mitigation options at any point prior to completion or expiration of their pandemic-related forbearance period.
Read More

FHA/VA Delinquencies Remain Elevated in 1Q21

May 21, 2021
Maria Volkova
The seriously delinquent rate for FHA and VA loans declined by 47 basis points and 3 bps, respectively, during the first quarter, IFHA found.
Read More

How Does COVID Hold Up to the Great Recession?

May 21, 2021
Maria Volkova
In what may be an apples-to-orange comparison, it looks like the homeowners impacted by the COVID crisis were better off than those impacted during the Great Recession.
Read More

Trading in Agency MBS Dips. A Canary in a Coal Mine?

May 20, 2021
Paul Muolo
MBS trading is drifting lower in a rising rate environment, but the outlook remains cloudy as mortgage bankers wonder how many more months they have left before refis drain for good. Or will they?
Read More

Refinancing Maturing CMBS Loans May Be Difficult: Fitch

May 20, 2021
Lisa Burden
Loans backed by hotel and retail properties, which have been hit particularly hard by the pandemic, will be difficult to refinance, the rating service said.
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Congress Passes Bill to Ease Shortage of FHA Appraisers

May 20, 2021
Maria Volkova
The Homebuyers Assistance Act of 2021 amends the National Housing Act to allow state-licensed professionals to conduct appraisals for FHA-insured properties.
Read More

SFR-Backed CMBS Issuance Spikes from 4Q20 to 1Q21

May 20, 2021
Maria Volkova
Also, first-quarter results from Invitation Homes and Americans Homes 4 Rent — the two corporate SFR giants — show an increase in business.
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Grapevine: When Prepayments Head in the Right Direction

May 20, 2021
Paul Muolo
CPRs are headed in the right direction for MSR and MBS investors but for how long? Some forecasters see a rate decline coming in the fall.
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As Interest Rates Stay Firm, Bulk MSR Offerings Proliferate

May 20, 2021
Paul Muolo
Bulk servicing sales are beginning to catch fire. Credit: rising rates and slower prepayment speeds. Moreover, dealmakers anticipate a red-hot third quarter for transactions.
Read More
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