The researchers noted that the views expressed in the report are not (necessarily) those of the Dallas Fed or of any entity within the Federal Reserve System.
Higher interest rates took a bite out of Angel Oak Mortgage’s profits in the fourth quarter, but its non-QM originations continue to remain strong. The firm also plans to maintain regular issuance of MBS.
Banks and thrifts held $2.23 trillion of first liens at the end of the year, up 1.7% from the end of September. Trends varied considerably among the megabanks. (Includes data chart.)
The nomination of Sandra Thompson to head the Federal Housing Finance Agency moved forward this week when the Senate Banking Committee voted 13-11 in her favor.
Billions of dollars in delinquent FHA/VA mortgages are still available for purchase in the whole-loan market if you have the knack for rehab-and-release. But for how long?
In case you haven’t noticed, MBS prices are sagging a bit these days, courtesy of higher interest rates. Trading volume is lower, but not exceedingly. What’s ahead? Mostly fog.