In January of last year, the flow of VA loans into Ginnie MBS exceeded the volume of FHA loans, a trend that culminated in December, when VA accounted for 57.0% of monthly issuance.

If approved by the Senate he would replace Kathy Kraninger, a business-friendly Trump-appointed official who has led the agency since 2018.

For all of 2020, non-agency MBS issuance totaled $90.23 billion, down 20.0% from the year before...

What about Movement Mortgage as an IPO candidate?

Wells Fargo: “Home lending revenue [was] down 21% from 3Q20 on lower servicing income and MSR valuation adjustments reflecting higher prepayment.”

The facility allows for originations of jumbo mortgages along with conforming loans.

The Golden State remained the largest source of insured agency business, accounting for 13.2% of the total market.

Even though there was no official announcement, that policy expired on December 31.

Depository institutions saw their combined agency servicing shrink 2.5% from the third to the fourth quarter, squeezing their share of the market to 42.2%.

However, details remain a closely guarded secret...