The Golden State Bears Much of the Blame for 2Q Agency Slump July 13, 2021 John Bancroft Combined MBS issuance by the three agencies fell $38.26 billion during the second quarter. Sales of California loans to the agencies dropped $36.94 billion from the first quarter.Read More
JPM Posts a Slight Gain in Home Lending for 2Q21 but Suffers Lower Margins July 13, 2021 Paul Muolo On a sequential basis, home lending revenue came in at $1.35 billion, a 7.4% decline from the first quarter.Read More
Ginnie Poised to Hike Capital Requirements for MBS Issuers July 13, 2021 Paul Muolo Ginnie has been working on the change in requirements for well over a year...Read More
Lenders Stretching the Credit Box on GSE Loans July 12, 2021 Brandon Ivey At the other end of the spectrum, deliveries of refi loans with credit scores of 740 or higher fell 20.1% from the first to the second quarter...Read More
Sen. Warren Slams Wells for LOC Cancellations July 12, 2021 Paul Muolo Some of the LOCs contained borrowing authority of up to $250,000.Read More
Industry Still Considering Impact of SCOTUS Decision July 12, 2021 Dennis Hollier One thing is clear: The verdict was a blow to Fannie Mae and Freddie Mac common and junior preferred shareholders.Read More
Fannie Mae Draws Fire for Rule on Short-Term Rentals July 12, 2021 Dennis Hollier The real estate industry was especially concerned and mounted an organized response...Read More
FHFA’s Embattled IG to Retire July 9, 2021 Dennis Hollier Laura Wertheimer to depart in the wake of claims she fostered “a culture of witness intimidation.”Read More
Three FHFA Veterans Promoted July 9, 2021 Dennis Hollier FHFA Acting Director Sandra Thompson begins building her leadership team.Read More
The Debt Store Remains Open. Sellers: Freedom and Sachem July 9, 2021 Paul Muolo Investors are still open to the idea of buying debt issued by nonbank mortgage firms, but will the window stay open through the summer?Read More