MBS Investors Paying a Premium for Small-Balance Loans December 21, 2023 Dennis Hollier The prepayment characteristics of small-balance mortgages make them attractive to agency MBS investors.Read More
HELOCs From UWM, loanDepot Fuel Chase’s MBS December 21, 2023 Brandon Ivey It's the third securitization from JPMorgan Chase this year with HELOCs from nonbanks.Read More
Short Takes: ‘Overvalued’ Share of Homes Increasing / Existing Home Sales Up / FHA/VA Delinquencies Rising / National Strategy for Financial Inclusion December 21, 2023 Brandon Ivey Homes in 88% of metropolitan statistical areas in the country are overvalued, according to Fitch Ratings.Read More
Mixed Trends in Jumbo Lending as Retail Production Declines December 20, 2023 James Dohnert The retail channel lost share to the correspondent and broker channels in the jumbo market in the third quarter.Read More
A Large Servicing Layoff Right Before the Holidays December 20, 2023 Paul Muolo Headquartered in Lake Zurich, IL, Dovenmuehle did not return media inquiries on the matter.Read More
Strong Demand for Mortgages Tied to New Homes December 20, 2023 Brandon Ivey Applications for purchase mortgages for new homes were up in November while total purchase-mortgage application volume was down on an annual basis.Read More
Ginnie’s Assets, Liabilities Jump With RMF Takeover December 20, 2023 Monica Hogan Total Ginnie assets stood at $60.2 billion as of the end of September, up from $39.5 billion a year earlier. And liabilities increased from $9.7 billion to $29.4 billion.Read More
Short Takes: Applications Slow / loanDepot’s New Line of Credit / Another Loss on Old MBS / Stellar Innovations / Correction December 20, 2023 Brandon Ivey and Paul Muolo Loan applications declined even as interest rates came down further.Read More
FHA/VA Lending Stands Out in Third Quarter December 19, 2023 Monica Hogan FHA's share of the FHA/VA market hit 61.5% in the third quarter, the highest level in at least 10 years.Read More
Navy Federal Retains Civil Rights Lawyer for Lending Assessment December 19, 2023 Brandon Ivey Debo Adegbile, the lawyer retained by Navy Federal, is a former commissioner on the United States Commission on Civil Rights.Read More