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How Low Might the Yield on the 10-Year Treasury Go? What About 1.0 Percent?

July 6, 2016
Paul Muolo
A recession in the U.S. could cause the 10-year Treasury bond to yield 1.0 percent…
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Short Takes: Another Refi Boom? Maybe Not / Application Volumes Can Vary / MBA’s Tally / Pickup’s Stake in Impac / Ditech Hires Former JPM Executive

July 6, 2016
Paul Muolo
The refi share of new applications is now at 61.6 percent…
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The Final Tally: Prime Non-Agency MBS Issuance a Dud in 2Q16; Just Two Deals

July 5, 2016
Brandon Ivey
Prime non-agency MBS issuance in the second quarter of 2016 was down by 74.1 percent from the previous quarter.
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One Take on the Recent Ginnie Mae Liquidity Summit: 'It Was All About Bashing the Nonbanks’

July 5, 2016
Paul Muolo
This attendee said one primary concern was whether nonbank Ginnie issuers would have the financial wherewithal to make advances to MBS investors in the event of another financial crisis.
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The 2016 Democratic Party Platform: Credit Score Reform, Defending the CFPB, but No Mention of the GSEs

July 5, 2016
Paul Muolo
The Democrats say they will “implement credit score reform to make the credit industry work for borrowers and not just lenders…”
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VA Production on the Rise in 1Q16; Streamlined Refis Lead the Way

July 5, 2016
George Brooks
USAA ranked first in VA loan production with Freedom Mortgage a close second...
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Nationstar Gives the Chairman Job to Jay Bray; Wes Edens Retires

July 5, 2016
Paul Muolo
Edens is a principal and co-chairman of Fortress Investment Group, a publicly traded investment fund that happens to own 66.2 percent of Nationstar’s stock.
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Short Takes: Can You Spell ‘Prepayment’: Yield on 10-Year Drops to New Low! / Ocwen Clocked Again / CFPB Reveals IO Disclosure Problem / Freddie Sells NPLs / Promotions at BB&T

July 5, 2016
Brandon Ivey and Paul Muolo
Can rates go any lower than this? Time will tell...
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A Boom in Securitizations for 2Q16: $400 Billion of MBS & ABS Hit the Market; Residential MBS Jumps 28 Percent

July 1, 2016
John Bancroft
Most of the second-quarter gain came from the residential MBS sector…
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Jumbo Lenders Fixing TRID Errors Based on Non-Binding Guidance from CFPB Seen as Adequate by Moody’s

July 1, 2016
Brandon Ivey
A limited number of mortgages with TRID errors have already been included in jumbo MBS…
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