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Non-Agency MBS Issuance Climbs to Post-Crisis High in 2021

January 14, 2022
John Bancroft
The biggest growth was in securitization of recently originated jumbo loans and expanded-credit mortgages.
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FHFA Director-Nominee Thompson: No Administrative End for GSE Conservatorships

January 14, 2022
Dennis Hollier
Sen. Bill Hagerty, R-TN, also got in the mix, pointing out that the Housing and Economic Recovery Act doesn’t envision indefinite conservatorships...
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HUD Needs More Controls Over FHA Refunds, OIG Says

January 14, 2022
Monica Hogan
HUD calculates $384.7 million in refunds was unclaimed as of June 16, 2020.
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Private MIs Lose Share of Agency Business in 4Q21

January 14, 2022
Namrata Bhatia
Private mortgage insurers lost market share in the agency purchase market during the last quarter of 2021, while FHA production shifted toward riskier business.
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Mixed Signals From Mortgage Bellwethers Wells and JPM

January 14, 2022
Paul Muolo and Monica Hogan
It’s earnings season! The early results show a mixed mortgage bag for the megabanks. The mega-nonbanks start reporting later this month.
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As Lending Grows More Competitive, Guaranteed Rate Chucks TPO

January 14, 2022
Paul Muolo
For a year, Guaranteed Rate stuck its toe in the broker channel. Now that the origination water has turned cold, it’s leaving.
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Preferences of Potential Homebuyers Vary Greatly

January 14, 2022
Dennis Hollier
Nearly half of Black first-time homebuyers say they would prefer to take a class or conduct in-depth research before buying.
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States Begin Homeowner Assistance Program Rollouts

January 14, 2022
Monica Hogan
States have begun taking applications for homeowner assistance programs funded by the Treasury Department and designed to prevent foreclosures stemming from the pandemic.
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Thompson: No Administrative End for Conservatorship

January 13, 2022
Dennis Hollier
Sandra Thompson, Biden’s nominee for FHFA director, gives a deft performance at her Senate confirmation hearing.
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Treasury Rate Spike Hits MBS Values, Lenders

January 13, 2022
Paul Muolo
Buy low, sell high. That piece of advice applies to stocks as well as bonds. But is now the time to purchase agency securities?
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