Ginnie Grapples With RMF’s Reverse Mortgage Portfolio January 5, 2024 Paul Muolo It stands to reason that Ginnie would want to sell the HECMs it seized from Reverse Mortgage Funding.Read More
Interest Rate Movements Stall, Potentially for a While January 5, 2024 Brandon Ivey Interest rates on mortgages look likely to hold steady in the near term.Read More
Lenders Urged to Make First-Time Homeownership Sustainable January 5, 2024 Monica Hogan The first five years of homeownership are often the most challenging financially for first-time buyers.Read More
Short Takes: Top Agency MBS Issuer in 2023 / Smaller Banks Concerned About HELOCs / Angelo Gordon Quick With MBS January 5, 2024 Brandon Ivey United Wholesale Mortgage barely edged out PennyMac as the top issuer of agency MBS in 2023.Read More
Delinquencies on Non-QMs Rising at ‘Worrying’ Rate January 4, 2024 Brandon Ivey The increase in impairments in November was the largest increase seen in the sector outside of COVID.Read More
Loan Sales by Banks Steady in Third Quarter January 4, 2024 Brandon Ivey JPMorgan Chase, the largest bank retail lender, sold $9.23 billion of mortgages in the third quarter, up 5.5% from the second quarter.Read More
Lack of Clarity on QM Standards an Issue in Secondary Market January 4, 2024 James Dohnert Lenders must maintain policies and procedures that detail the underwriting factors they used and retain documentation showing how they took those factors into account in the ability-to-repay determination.Read More
Lone Star Funds Offers its First Investment-Property-Focused MBS January 4, 2024 Brandon Ivey Mortgages from a variety of lenders are included in the MBS, led by HomeXpress Mortgage with a 42.0% share.Read More
Short Takes: First American Getting Back on its Feet / Signs of Thaw in Housing Market / A Slow Thaw / Hot Markets January 4, 2024 Brandon Ivey First American's affiliated bank is operational and the title insurance provider's email system was restored.Read More
GSE Buybacks Drop in Third Quarter January 3, 2024 John Bancroft Buybacks from the GSEs declined by 29.0% in the third quarter compared with the previous quarter.Read More