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Short Takes: Tariffs and Interest Rates / Figure IPO Could Raise Around $500 Million / Bank Launches Non-QM Offerings in Wholesale Channel / NYMT Rebrands to Adamas Trust

September 2, 2025
Brandon Ivey
Analysts at Mortgage Capital Trading said the 10-year was up Tuesday due to a court ruling Aug. 29 determining that the Trump administration’s use of emergency powers to implement tariffs was illegal.
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Wells, U.S. Bank Reduce First-Lien Mortgage Portfolios in 2Q

August 29, 2025
James Dohnert
U.S. Bancorp saw the largest decline in first-lien holdings between the end of March and the end of June.
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Homebuyers Need Larger-Than-Expected Rate Drop to Refi

August 29, 2025
James Dohnert
A half-point drop in rates won't generate enough savings to cover the cost of a new loan, Neighbors Bank says.
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Banks Increase Ginnie Pass-Through MBS Holdings in 2Q

August 29, 2025
John Bancroft
Wells Fargo was the top bank investor in Ginnie pass-throughs in the second quarter.
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PennyMac Preps Another Jumbo MBS for 2025

August 29, 2025
James Dohnert
This is PennyMac's second prime jumbo MBS of 2025.
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Short Takes: Second Criminal Referral Against Fed's Cook / Investors Buy Close to One-Third of Homes / Transunion Data Breach Exposes Millions of Customers' Data

August 29, 2025
James Dohnert
FHFA Director Bill Pulte announced on X that there's a new allegation of mortgage fraud against Federal Reserve Governor Lisa Cook.
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Ginnie Removals Tick Up in 2Q Due to Borrower Payoffs

August 28, 2025
Emmeline Willey
Borrower payoffs accounted for 81% of removals in the quarter, indicating heavy refi activity.
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Federal Reserve Governor Sues Trump

August 28, 2025
Abby Zimmardi
The suit says allegations of mortgage fraud are pretextual and an attempt to undermine the independence of the Fed.
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Increasing Tariffs Could Reduce ABS Investor Demand

August 28, 2025
James Dohnert
Commercial equipment, shipping containers and trucking could experience the biggest negative impacts from new tariff policies.
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CFPB Seeks Feedback on Open Banking Rulemaking

August 28, 2025
Shannon Clark
The bureau wants to know the optimal approach to the assessment of fees to defray the costs incurred responding to a customer-driven request.
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