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Grapevine: Exactly How Much? / Crystal Ball Time

December 4, 2020
Paul Muolo
Time to start thinking about 2021? Sure, but lenders are plenty busy these days. The fourth quarter could be a barn-burner, just like 3Q20.
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Waiting for Word from Caliber on an IPO Date

December 4, 2020
Paul Muolo

A few weeks back, Caliber CEO Sanjiv Das was part of an online panel on affordable housing. The other panelists: former President Bill Clinton and Atlanta Mayor Keisha Lance Bottoms...


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Fannie and Freddie Lift Agency MBS to Another Monthly Record

December 4, 2020
John Bancroft

Among the top five agency MBS issuers for the 30-day period, just one was a depository: Wells Fargo at number three.


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Morgan Stanley Stocks Fresh Jumbos into Non-Agency MBS

December 4, 2020
Brandon Ivey

Quicken Loans is the top contributor to the new Morgan MBS, accounting for 36.3% of the collateral.


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LIBOR’s End May be Delayed. Legacy Contracts Hang in the Balance

December 3, 2020
The use of LIBOR as an index is slated to end in just under 13 months but the benchmark administrator has other ideas. One issue: legacy contracts.
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GSE Fears Averted, Can the Street Rest Easy?

December 3, 2020
Paul Muolo
Wall Street’s mind has been put to ease regarding an expedited conservatorship exit for Fannie and Freddie but concerns remain.
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Republicans and Democrats Spar over TALF Extension

December 3, 2020
Yemeng Yang
Democrats said the Treasury’s decision to end the TALF facility at the end of the year was a political move to prevent the incoming Biden administration from stabilizing the economy.
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Ginnie Audit Finds Deficiency in Financial Reporting

December 3, 2020
Maria Volkova
Overall, Ginnie’s financial statements were represented fairly in all material respects, an independent auditor found.
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In 3Q20, Refis Dominated but Purchase-Lending Was No Slouch

December 3, 2020
John Bancroft

UWM reported a 69.2% jump in refi volume, while PennyMac, Freedom Mortgage, loanDepot, Mr. Cooper Group and NewRez all increased their market share as well.


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FHA Raises 2021 Loan Limits for Forwards, HECMs

December 3, 2020
Maria Volkova
FHA Commissioner Dana Wade has questioned the increase in loan limits, saying the agency has been put in a position of insuring a segment of borrowers who are better served by conventional lenders.
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