Short Takes: Mortgage Demand Declines / NewRez Spin-Off a Work in Progress / New HEI Securitization / More Non-Agency MBS May 1, 2024 Brandon Ivey On an annual basis, mortgage applications were down 9.2%.Read More
Fannie Increases Profits Despite Decline in Acquisitions April 30, 2024 Dennis Hollier Acquisitions may be the lowest they've been since the 3Q20, but accounting rules keep earnings on an even keel.Read More
Annaly Leads Expanded-Credit MBS Issuers in First Quarter April 30, 2024 James Dohnert Onslow Bay issued $2.52 billion of expanded-credit MBS in the first quarter, more than triple its issuance in the prior quarter.Read More
Originations, MSR Marks Up at Rithm in First Quarter April 30, 2024 Paul Muolo At the end of March, the REIT valued its MSRs at 165 bps, the highest “mark” since the first quarter of last year...Read More
FHFA Final Rule Codifies Equitable Housing Finance Plans April 30, 2024 Dennis Hollier FHFA turns the equitable housing finance plans of the GSEs and other agency-directed fair housing activities into regulations.Read More
Short Takes: Home Prices Rebound in February / Private-Equity Infusion for Blend / Profit at Two Harbors / Homeownership Unattainable April 30, 2024 Brandon Ivey Home prices jumped in February after a slight decline the previous month.Read More
Mortgages Helped Bring Down Failed PA Bank April 29, 2024 Brandon Ivey At one point, Republic First’s mortgage unit focused on offering jumbo mortgages at below-market interest rates.Read More
Originations Steady in First Quarter, UWM on Top April 26, 2024 Brandon Ivey First-lien mortgage originations remained in a trough in the first quarter of 2024.Read More
Rising Costs Prompt Large Losses for Lenders in 2023 April 26, 2024 Brandon Ivey Only 36% of the lenders participating in the MBA’s report turned a profit in 2023, down from a 53% share of participants in 2022.Read More
Regulators Consider MBS, ABS Issues With Capital Proposal April 26, 2024 Brandon Ivey Federal Reserve Governor Michelle Bowman noted issues with how the proposal on capital requirements for large banks would impact the MBS and ABS markets.Read More