Ginnie Mae single-family MBS issuance fell slightly from October but remained at near record levels. All told, the three agencies pumped out nearly $355 billion last month, a 5% gain from October.

The FHFA's capital requirements for the GSEs don't exactly favor CRT transactions but the Biden administration is expected to encourage the deals.

Time to start planning for the 13th anniversary of the Fannie/Freddie conservatorships...

MBA's Mike Fratantoni: “For the second week in a row, the share of loans in forbearance has increased, driven by a rise in new forbearance requests..."

The trade groups argue that the GSEs are key providers of liquidity to the housing market, especially in these troubled times and any mistakes will damage the nation’s mortgage finance system.

The CFPB announced additions to its executive team, despite chatter that President-elect Joe Biden will make dramatic changes to the agency's leadership.

Production in the sector is heavily dependent on demand by investors in the secondary market...

“Applications are staying strong,” said Paul Rozo, CEO of Paramount Residential Mortgage Group, Corona, CA. “Rate-locks have been smoking leading up to the election and post-election as well, which is nice.”

In the third quarter Impac posted net earnings of $1.6 million compared to a loss of $22.8 million in 2Q20...

The irony of the regulatory call: Many nonbanks are posting record profits and six firms are in the process of IPOs...