Jumbo Servicing Portfolios Level in 2Q August 21, 2024 James Dohnert Chase remained the top servicer in the group, handling $326.90 billion of jumbos as of the end of June.Read More
Short Takes: Applications Slow / Fannie Revises Home Sales Forecast Downward / Home Prices Decline in California / Prime Non-Agency MBS From Chase August 21, 2024 Brandon Ivey Demand declined for both purchase mortgages and refinances last week.Read More
Agency Investors Increasingly Focused on Spec Pools August 20, 2024 James Dohnert Specified pools offer MBS investors a concentration in certain characteristics in contrast to homogenous MBS in the TBA market.Read More
Ginnie MBS Issuance Increases in July August 20, 2024 Monica Hogan Securitization of FHA loans increased 6.3% to $22.09 billion in July, while VA production was up 11.4% to $15.44 billion.Read More
Sage Residential to Issue CES Securitization August 20, 2024 Brandon Ivey Sage is building out its mortgage investment business and to this point has focused on acquisitions of mortgage servicing rights.Read More
CFPB Proposal on Medical Debt Doesn’t Sit Well With Lenders August 20, 2024 Shannon Clark "It is likely to cause significant adverse consequences to banks and consumers, including causing the tightening of credit standards," the ABA said of the CFPB's proposal.Read More
Short Takes: Low Home Sales, Gradual Price Increases / Wells to Sell Part of Commercial Servicing Business / Forbearance Levels Increase / Better’s Stock Split August 20, 2024 Brandon Ivey Home prices increased by 0.2% on a monthly basis in July, according to Redfin.Read More
Purchase-Mortgage Volume Up Slightly in First Half of 2024 August 16, 2024 Brandon Ivey Lenders pinned the underwhelming growth on elevated interest rates and a limited inventory of homes for sale.Read More
Appeals Court Rules TILA Protections Apply to HELOCs August 16, 2024 Shannon Clark HELOCs can fall under the definition of a "credit card plan" included in the Truth in Lending Act's offset provision, according to the appeals court.Read More
Early-Stage Delinquencies Up; Serious Delinquencies at 40-Year Low August 16, 2024 Brandon Ivey The seriously delinquent rate fell to 1.01% at the end of June.Read More