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Retail Tops Other Channels in Agency MBS Credit Characteristics

May 20, 2019
John Bancroft
In the first quarter of 2019, the average credit score for retail production included in agency MBS was 725.97, 7.3 points higher than the average for correspondent production and 7.5 points above the figure for brokers.
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Many Cash-Out Refis in Carrington’s Non-QM MBS

May 20, 2019
Brandon Ivey
The first non-QM MBS from Carrington includes a higher share of cash-out refis compared with other issuers of expanded-credit MBS.
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Short Takes: HUD on Regulatory Reform / Shrinking Not on the Table / AGNC Investment / MSR on Bid / Foreclosure Activity Down

May 17, 2019
Yemeng Yang
Trade Groups talk with HUD and Ginnie on Regulatory Reform...
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What We’re Hearing: Perella Weinberg, the Treasury’s GSE Advisor? / Balancing the Congressional Equation / Calabria’s Plan of Action? / Wiping Out $200 Billion / Movement Buys Production in Alabama / loanDepot’s MSR Decline

May 3, 2019
Paul Muolo
Has the Treasury Department hired an advisory firm to assist on its GSE reform plan?
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Ginnie Mae Seeks Feedback on Potential Changes to Pooling Criteria

May 3, 2019
George Brooks

Ginnie Mae is seeking public comment about the impact of potential changes to its loan-pooling guidelines.


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PennyMac Posts $46.1 Million in Net Income for 1Q. Originations Down, Servicing Up...

May 3, 2019
Brandon Ivey

PennyMac founder and Executive Chairman Stan Kurland: "While the correspondent market remains competitive, margins appear to be stabilizing as they were essentially unchanged from the prior quarter at 29 basis points..."


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A 26% Earnings Decline for Fannie Mae, Dividend Payment Scheduled for Late June

May 1, 2019
Paul Muolo

To date, Fannie has upstreamed $179.0 billion in quarterly dividends to Uncle Sam versus assistance draws of $118.9 billion, giving it an account surplus of $59.2 billion...


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Flagstar Reports Both Lower Earnings and Originations for 1Q19

April 23, 2019
Paul Muolo

At March 31, Flagstar's home equity loan portfolio totaled $796 million, up 19% from a year ago...


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A Scorcher of a Month for Agency MBS Trading

April 22, 2019
Paul Muolo

The non-agency market, which is dwarfed in size by agencies, saw $3.0 billion in securities change hands on a daily basis in March, the strongest reading since June of 2018.


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Large Nonbanks Forge Ahead in GSE Servicing

April 22, 2019
John Bancroft

Nonbanks have increased their GSE portfolios by $95 billion over the past year...


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Latest Imf News

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Featured Data

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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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