Why Ginnie is Concerned About Nonbanks: A 69.4 Percent Issuance Market Share for 1Q16 July 6, 2016 John Bancroft Non-depositories also added about $40.45 billion through the agency’s pools issued for immediate transfer program, or co-issuance option.Read More
The Mortgage IPO Market: Dead Until Next Year; Research Firm Closes July 6, 2016 Paul Muolo As one equities official noted: “It’s not fun being a stock analyst these days.”Read More
Fitch Says Positive Rating Benefit for Non-Agency MBS with Deal Agent will be Small July 6, 2016 Brandon Ivey The rating service said the expected loss benefit at the AAA level will likely be modest or immaterial for most transactions.Read More
FHA Condo Lending Declines; Trade Groups Push for Action on Legislation July 6, 2016 Paul Muolo and George Brooks The bill would lower FHA’s current owner-occupancy requirement from 50 percent to 35 percent…Read More
How Low Might the Yield on the 10-Year Treasury Go? What About 1.0 Percent? July 6, 2016 Paul Muolo A recession in the U.S. could cause the 10-year Treasury bond to yield 1.0 percent…Read More
Short Takes: Another Refi Boom? Maybe Not / Application Volumes Can Vary / MBA’s Tally / Pickup’s Stake in Impac / Ditech Hires Former JPM Executive July 6, 2016 Paul Muolo The refi share of new applications is now at 61.6 percent…Read More
The Final Tally: Prime Non-Agency MBS Issuance a Dud in 2Q16; Just Two Deals July 5, 2016 Brandon Ivey Prime non-agency MBS issuance in the second quarter of 2016 was down by 74.1 percent from the previous quarter.Read More
One Take on the Recent Ginnie Mae Liquidity Summit: 'It Was All About Bashing the Nonbanks’ July 5, 2016 Paul Muolo This attendee said one primary concern was whether nonbank Ginnie issuers would have the financial wherewithal to make advances to MBS investors in the event of another financial crisis.Read More
The 2016 Democratic Party Platform: Credit Score Reform, Defending the CFPB, but No Mention of the GSEs July 5, 2016 Paul Muolo The Democrats say they will “implement credit score reform to make the credit industry work for borrowers and not just lenders…”Read More
VA Production on the Rise in 1Q16; Streamlined Refis Lead the Way July 5, 2016 George Brooks USAA ranked first in VA loan production with Freedom Mortgage a close second...Read More