“There have been just two months in the past decade with fewer home sales [than in May 2024]: October 2023, when mortgage rates jumped to a 23-year high, and May 2020, when the onset of the pandemic brought the housing market to a halt and home sales to a record low,” Redfin said.

The Fed’s actions Wednesday didn’t change the MBA’s forecast for mortgage rates.

Lenders delivered $27.21 billion of purchase loans into Ginnie MBS in May, up 7.5% from the prior month.

Banks and thrifts held $2.52 trillion of first liens in portfolio as of the end of March.

Banks are structuring CRT deals to include stronger mitigants to counterparty risk, which can help to boost the rating for the deal above the rating on the bank itself.

Redfin’s homebuyer demand index declined by 2% on a monthly basis in early June.

The big question, according to some of JPMorgan's warehouse competitors, is how many of Flagstar's customers will stay with the megabank.

The termination only applies to activity in the Des Moines, IA, HUD field office.

Panelists spoke Tuesday at an event hosted by the Bipartisan Policy Center.

It’s the first non-agency MBS with a significant amount of electronic promissory notes, according to Moody’s Investors Service.