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Home » Topics » News » IMFnews

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Refi Demand Jumps as Interest Rates Decline

August 14, 2024
Brandon Ivey
"While refi activity is up significantly over the last couple weeks, most borrowers would need mortgage rates to move much lower before they’re incentivized to refinance," said Mark Palim, deputy chief economist at Fannie Mae.
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UBS Selling Mortgage Servicer SPS for Breakeven Price

August 14, 2024
Brandon Ivey
Select Portfolio Servicing handled servicing on mortgages with an unpaid principal balance of $166.70 billion as of the end of June, according to estimates by Inside Mortgage Finance.
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IG Finds Major Holes in FHFA's IT System

August 14, 2024
Dennis Hollier
Loose IT security controls could have made it possible for a malicious employee, or an external party with access to that employee's account, to gain full control of the FHFA network.
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Short Takes: ‘Magical’ Number for Interest Rates / Some Home Price Depreciation / Fannie Selling RPLs / Loss for Fix-and-Flip Lender

August 14, 2024
Brandon Ivey
It's hard to pin down the "magical" number for interest rates that will unlock the housing market, according to the CEO of The Home Depot.
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Scotiabank to Enter Mortgage Warehouse Lending Space

August 13, 2024
Paul Muolo
Scotiabank hired the managing director of Chase's mortgage warehouse unit.
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Ginnie Volume Drives Up Agency MBS in July

August 13, 2024
John Bancroft
Ginnie MBS issuance increased by 8.3% on a monthly basis in July while GSE volume declined somewhat.
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Lender Trade Groups Caution CFPB on Mortgage Closing Costs

August 13, 2024
Shannon Clark
Any regulatory action resulting from the CFPB’s recent request for information must be grounded in the bureau’s statutory authority, the Mortgage Bankers Association said.
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CFPB Affirms Mortgage Rules Apply to Contracts for Deeds

August 13, 2024
Shannon Clark
The CFPB said it is stepping in to stop harmful practices used in contract for deed financing that set up homebuyers to fail.
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Short Takes: New Mortgage Reinsurer / Rocket Consistent With CES Securitizations / DSCR Loans in Non-Agency MBS / Growing Through Selling Servicing

August 13, 2024
Brandon Ivey
Skyward Specialty Insurance Group launched a mortgage reinsurance business.
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Chase Markets Prime Jumbo MBS Backed By ARMs

August 12, 2024
James Dohnert
Loans in the new prime jumbo MBS had an average seasoning of 13 months.
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Latest Imf News

  • Trump’s Order for GSE MBS Purchases Faces Some Hurdles

  • Agency MBS Issuance Hits Three-Year High in 2025

  • Single-Family Securitization in Limbo With Trump Plan

  • Mortgage Locks Decline by Nearly 20% in December

More Imf News

Featured Data

  • Largest Sellers See GSE Deliveries Wane in November

  • Third-Party Lenders Boost Market Share in Third Quarter

  • Bank Mortgage Repurchases Decline in Third Quarter

  • Mortgage REITs Up Agency MBS, Shed Non-Agency

More Featured Data

Featured Reports

  • Mortgage Servicing Rights Report: 3Q25 (PDF)

  • GSE Repurchase Activity: Cumulative to Second Quarter 2025 (PDF Format)

  • Agency Seller-Issuer Profile: 3Q25 (PDF)

  • Mortgage Profitability Report 3Q25 (PDF)

More Latest Reports

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

View Results
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