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Short Takes: Falling Rates and GSE Stocks / That Was Yesterday / A Break for Weed Reporting / Radian Hikes Severance Formula / More Senior Hires at FHFA

December 3, 2019
Paul Muolo and Dennis Hollier

Mortgage insurer Radian recently modified the severance agreements it has with certain executives, boosting termination pay to 150% from 100%. Of course, this only applies if it’s a “qualifying termination event"...


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For Depositories, Mortgage Banking Income Rebounds in Third Quarter

December 3, 2019
John Bancroft

The top two banks in mortgage banking – Wells Fargo and JPMorgan Chase – reported sharply different results in the third quarter.


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Correspondent Platforms Register the Biggest Gains in 3Q19

December 3, 2019
John Bancroft

Table-funding increased by 16.7% from the second quarter, hitting an estimated $98 billion in the most recent period. That’s a healthy increase and represented the strongest quarter for broker production since early 2008…


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Just Because the CFPB is Assessing TRID, That Doesn’t Mean Changes Will Be Made

December 3, 2019
Yemeng Yang

The TRID rule can be changed but not completely eliminated…


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Short Takes: Layoffs at Fannie, Freddie JV / The CSS Mission / Good for Now, Yes. Later? / Ocwen CGO Files Form 4 / A Past, Bullish Sign

December 2, 2019
Paul Muolo

CSS is the platform created by the GSEs to develop the uniform MBS, the common security now used by the two mortgage giants...


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Prepayments, Variable Servicing Fees Spur Losses on Non-Agency MBS

December 2, 2019
Brandon Ivey

In a recent report, Fitch Ratings noted that shortfalls can occur when a mortgage is prepaid before the end of the month, causing only a partial collection of the interest owed by the borrower...


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MBS Trading Volume Slumps a Bit. Is the Fed Done?

December 2, 2019
Paul Muolo

In September, MBS trading came in at a mouthwatering $280.0 billion, the best showing of 2019.


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The Non-QM Outlook: Nothing But Blue Skies?

December 2, 2019
Brandon Ivey

Shea Pallante, executive vice president of Sprout Mortgage, called the non-QM market a “sleeping giant.”


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Third Quarter Brings a Decline in GSE Loan Buybacks

December 2, 2019
John Bancroft

Freddie repurchase activity has consistently exceeded Fannie levels since 2016…


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Short Takes: The Big Kahuna of Wholesale (Once Again): UWM / No Banks / Freddie Continues to Get Svelte / A Slight Uptick in New Applications

November 27, 2019
Paul Muolo

When it comes to wholesale/broker lending, not one depository ranked among the top five in 3Q19…


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Latest Imf News

  • Refis Drive Up Originations in Fourth Quarter

  • Pennymac’s Earnings Decline in 4Q With Competition for Refis

  • State Regulators Oppose OCC’s Proposal on Preemption

  • FHFA Adjusts Cap on GSEs’ Investment Portfolios

More Imf News

Featured Data

  • Ginnie Refi Issuance in 4Q Surges Closer to Pandemic Levels

  • Non-Agency MBS Issuance Jumps 61% in 2025

  • ABS Issuance Hits Record in 2025 Despite Late Decline

  • Private MI Business Stronger Than FHA in 4Q

More Featured Data

Featured Reports

  • IMF HMDA Dashboard: 2024

  • Top Mortgage Players: 3Q25 (PDF)

  • Lender Profiles 3Q25: Top 25 (PDF subscription)

  • Agency Channel Analysis: 3Q25 (PDF)

More Latest Reports

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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