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Non-Agency Jumbo Lending Takes a Market Share Hit

November 29, 2022
Namrata Bhatia
Near the end of the third quarter, the average interest rate on a 30-year fixed-rate jumbo was 6.384%...
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Phoenix Offers GSE MSRs With a Mid-Atlantic Concentration

November 29, 2022
Paul Muolo
The seller wants to close the deal in early 2023...
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Bank ABS Holdings Decline Again in 2022 Third Quarter

November 29, 2022
John Bancroft
TD Bank was the biggest ABS investor overall...
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Retail Slumps, Third-Party Lenders Gain Ground in a Tough Market

November 28, 2022
John Bancroft
In 3Q22, refi accounted for just 25.6% of agency retail loans...
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Angel Oak Sells Underwater Non-QMs for 83 Cents on the Dollar

November 28, 2022
Paul Muolo
The information was contained in 8-K filed just before the Thanksgiving holiday.
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JPMorgan Readies First DSCR MBS. 20% of the Collateral Comes from Sprout

November 28, 2022
Namrata Bhatia
The DSCR security from JPM is secured by 980 loans...
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Lenders, Analysts Remain Nervous About Ginnie's Eligibility Rules

November 28, 2022
John Bancroft
The most controversial part of the scheme: a 250% risk weight on agency MSRs...
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FHA Adds Private Flood Insurance Option

November 23, 2022
Monica Hogan
The rule, which takes effect Dec. 21, differs somewhat from those that apply to other federally backed mortgages. 
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FHA Serious Delinquencies Decline by Nearly Half This Year

November 23, 2022
Monica Hogan
New loss-mitigation techniques helped reduce the FHA serious delinquency rate to 4.77% by the end of fiscal 2022, according to the Mutual Mortgage Insurance Fund report released last week. 
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Counterparty Risk Still Among Top HUD Challenges: OIG

November 23, 2022
Monica Hogan
All 10 of the top management challenges facing the Department of Housing and Urban Development last year, including mitigating counterparty risk to mortgage programs, remain, the HUD Inspector General reported last week. 
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