Short Takes: Home Prices a Hurdle / MBA Expands Convergence Initiative / Fannie Selling RPLs / Jumbo MBS From Chase October 8, 2024 Brandon Ivey Elevated home prices are limiting home sales.Read More
Refis Push Agency MBS Issuance Up in Third Quarter October 4, 2024 John Bancroft Issuance of single-family agency MBS increased by 13.1% from the second quarter, hitting its highest level in two years.Read More
Party’s Over? Interest Rates on Mortgages Heading Up October 4, 2024 Brandon Ivey A strong employment reading for September and geopolitical issues pushed interest rates on mortgages up this week.Read More
MBS Investors Protected as Non-QM Delinquencies Rise October 4, 2024 Paul Muolo Even with elevated levels of delinquencies, MBS investors are protected due to credit enhancement and low loan-to-value ratios.Read More
MBA Names Trigger Lead Bill as Top Legislative Priority October 4, 2024 Brandon Ivey A bill to limit trigger leads has bipartisan support and was included in a defense appropriations bill in the Senate during September.Read More
Short Takes: Strong Recapture Rate for Planet Home / Jumbo MBS From Redwood / New CRT From Freddie / Home Improvement Securitization October 4, 2024 Brandon Ivey Fitch Ratings upgraded its servicer ratings of Planet Home Lending, citing a strong recapture rate, among other attributes.Read More
Refi Locks Jump in September, Purchase Mortgages Down October 3, 2024 Brandon Ivey Overall, mortgage locks increased by 3.2% in September, according to Mortgage Capital Trading.Read More
Mortgage Securitization Rate Ticks Down in Second Quarter October 3, 2024 Brandon Ivey An estimated 64.2% of newly-originated home loans were securitized in the second quarter, down from 67.2% in the first quarter.Read More
Mortgage Fraud Risk to Grow as Interest Rates Decline October 3, 2024 Shannon Clark With interest rates declining, mortgage fraud is a growing concern.Read More
Waterfall Offers Non-Agency MBS With Wide Variety of Loans October 3, 2024 Brandon Ivey The MBS is stocked with scratch-and-dent loans, early buyouts from Ginnie MBS and non-QMs.Read More
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