Ginnie Mae's single-family outstanding was up 2.2% in the second quarter while the GSEs posted a 0.3% increase in servicing compared with the end of March..
A&D Mortgage, Annaly Capital Management, Invictus Capital Partners and JP Morgan all are expected to issue new non-agency mortgage-backed securities this month.
The Mortgage Bankers Association, in a comment letter, panned a Financial Stability Oversight Council proposal to revise guidelines for designating certain nonbanks as systemically important financial institutions.
Ted Tozer, Urban Institute non-resident fellow, argues that policymakers should update the FHA Modernization Act so lenders are no longer banned from providing downpayment assistance to FHA borrowers.
The MBA reports that new home purchases up 26.1%; Six First Republic private client banking teams join Flagstar; Redfin finds home prices are up 2.1% year-over-year; First Horizon announces new client-focused podcast.
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