Short Takes: Chase Doubles Up With Prime Non-Agency MBS / Tweak in Fannie’s Latest CRT / Smaller Expanded-Credit Deal From Verus / Home Price Appreciation Slowing July 16, 2024 Brandon Ivey Two entities at JPMorgan Chase started marketing separate prime non-agency mortgage-backed securities Monday.Read More
Residential MBS Issuance Increases in Second Quarter July 15, 2024 John Bancroft Issuance of residential mortgage-backed securities increased by 25.1% from the first to the second quarter of 2024, hitting $304.37 billion.Read More
FHFA Plots New Proposals on GSEs, FHLBanks July 15, 2024 Dennis Hollier As soon as July, FHFA plans to issue a proposed rule that would establish standards for the GSEs related to returns on capital for new single-family mortgage acquisitions.Read More
Flagstar Official Anticipates Growing Originations July 15, 2024 James Dohnert New construction and non-qualified mortgage products are performing well despite limited inventory impacting purchase originations.Read More
Short Takes: Another CES Securitization From Rocket / HUD Plans Changes to Loan Sale Program / FHFA Sets Protections for Renters / Outlook for Cornerstone Servicer Rating Turns Positive July 15, 2024 Brandon Ivey With the new securitization, Rocket's non-agency issuance of closed-end second liens will hit $2.19 billion for the year.Read More
Appeals Court Revives CFPB’s Lawsuit Against Townstone July 12, 2024 Shannon Clark The case is still pending a final decision, after an appeals court overturned a district court's dismissal of the lawsuit.Read More
Agency Business Increases in Second Quarter July 12, 2024 John Bancroft Fannie Mae, Freddie Mac and Ginnie Mae issued a combined $272.04 billion of single-family mortgage-backed securities in the second quarter.Read More
Originations Jump at Chase, Wells in Second Quarter July 12, 2024 Brandon Ivey Both banks increased mortgage production by more than 50% on a quarterly basis in the second quarter.Read More
Ratings Helping to Boost Fix-and-Flip Lending July 12, 2024 James Dohnert Toorak issued the first-ever rated RTL securitization earlier this year.Read More
Short Takes: FHFA Publishes Historical VantageScore Data / ‘Sweet Spot’ for Homebuyers / Low DSCR Offering From A&D / MFA Offers RPL MBS July 12, 2024 Brandon Ivey The historical VantageScore data are available to approved users to help with the GSEs' planned acceptance of the credit score.Read More