Fannie’s RPL activity has consisted entirely of whole-loan sales. Freddie, on the other hand, continues to focus its RPL activities on the securities side of the business.
Leading the improvement pack: the Ginnie Mae category, where the reading dropped a whopping 45 basis points to 6.33% of outstandings for the week ending April 4.
“Issue debt while you can.” That seems to be the mantra of nonbank mortgage lenders and even real estate mortgage investment trusts. The latest sellers: UWM and PennyMac.