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Non-Agency MBS Issuance Increases in Second Quarter

July 24, 2024
John Bancroft
Much of the second-quarter gain came from securitization of home equity loans and deals backed by distressed mortgages.
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Strong Originations and Earnings at PennyMac in 2Q

July 24, 2024
Paul Muolo
PennyMac's board boosted the second-quarter dividend 50% to 30 cents a share.
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HUD Pushes Out Some Dates on Planned FHA Rulemaking

July 24, 2024
Monica Hogan
Some proposals that were planned for the spring or summer are now not expected until December.
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New Disclosures Will Help With GSE Shift on Credit Scores

July 24, 2024
Dennis Hollier
The disclosures include VantageScore scores from all three credit reporting companies — TransUnion, Equifax and Experian.
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Short Takes: Purchase-Mortgage Applications Down / Housing Market Reaching Balance / Mix of Loans in MBS From Chimera

July 24, 2024
Brandon Ivey
A decline in interest rates wasn't enough to help push up applications of purchase mortgages last week.
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Fannie Economists Expect Rate Cut in September

July 23, 2024
Brandon Ivey
While Fannie economists see two rate cuts this year in their crystal ball, economists at Freddie suggest that there might only be one.
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AGNC Takes Loss in 2Q, Citing Issues With Fed

July 23, 2024
Brandon Ivey
The Fed's "hawkish monetary policy stance" helped prompt a loss at AGNC in the second quarter, according to Peter Federico, president and CEO of the REIT.
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Forbearance Level Increases for First Time in More Than a Year

July 23, 2024
Brandon Ivey
The forbearance level only increased by 2 basis points from May, but it was the first increase in forbearance since October 2022.
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Bank Trade Groups Oppose FHFA Effort on FHLBanks

July 23, 2024
Dennis Hollier
Bank trade groups raised concerns that a recent request for input from FHFA “appears to contemplate significant regulatory action not undertaken at Congress’ direction.”
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Short Takes: Positive Outlook for Acra / New Co-CEO at Dynex / NYCB Touts Simplified Business Model

July 23, 2024
Brandon Ivey
Non-QM lender Acra Lending has been profitable in the last three years.
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