PennyMac Sends More GSE-Eligible Mortgages to Non-Agency MBS March 13, 2025 Brandon Ivey PennyMac has marketed an average of one non-agency MBS with GSE-eligible mortgages for investment properties per month since November.Read More
Large Servicers Shrug Off FHA Delinquencies March 13, 2025 Brandon Ivey “Much of that is seasonality,” said David Spector, chairman and CEO of PennyMac Financial Services.Read More
Nonprime Servicing Volume Continues to Grow March 13, 2025 James Dohnert Nonprime servicing volume among companies in the analysis has increased every quarter since 2020.Read More
Short Takes: CFPB Firing Freeze Extended / The Drawback of Buydowns / Mixed Trends in Applications Tied to New Construction / Kittle Advising Beeline March 13, 2025 Brandon Ivey The freeze was extended to allow a U.S. district court judge to rule on a legal challenge to planned layoffs at the CFPB.Read More
Ginnie MBS Issuance Declines in February March 12, 2025 Andras Malatinszky FHA activity fell 16.8% while VA production was down 15.1% from January.Read More
Bill in House Would Drastically Limit VA Servicing Program March 12, 2025 Emmeline Willey The bill would cap purchases under the VASP program to 250 loans annually.Read More
loanDepot Takes Loss in 4Q, Margin Shrinks March 12, 2025 Brandon Ivey loanDepot’s gain-on-sale margin dropped from 3.33% in the third quarter to 2.60% in the fourth quarter.Read More
HEI Provider Faces Lawsuit From Massachusetts AG March 12, 2025 James Dohnert The AG claims HEIs are comparable to reverse mortgages and should be regulated as such.Read More
Short Takes: Applications Up / FoA Takes Loss in 4Q / Ishbia Misses Hearing / MBS From Chase, NYMT March 12, 2025 Brandon Ivey Demand for both purchase mortgages and refinances increased last week.Read More
Chase Leads Non-Agency Jumbo Lenders in 2024 March 11, 2025 James Dohnert Chase was one of only three lenders among the top 10 to post a decline in non-agency jumbo production on an annual basis.Read More
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