Rocket’s Jumbo MBS Issuance Heading Back To Earth December 8, 2021 Brandon Ivey Redwood recently issued a jumbo MBS sized at roughly $1.0 billion, while the new offering from the nonbank is somewhat smaller.Read More
Nonprime Servicing Portfolios Mostly Unchanged in 3Q21 December 8, 2021 Brandon Ivey Three of the top five nonprime servicers posted declines from the second to the third quarter.Read More
Servicers Urge Ginnie to Lift RPL Pooling Restrictions December 8, 2021 Monica Hogan In a letter to Ginnie leadership, the groups said the substantial re-delivery restrictions have negatively impacted market liquidity for these loans...Read More
Better’s Competitors to the Rescue in Layoff Saga? December 7, 2021 Paul Muolo Better.com still hopes to go public via a special purpose acquisition company maneuver...Read More
Redwood Calls for Revision on How GSE Loan Limits Are Calculated December 7, 2021 Brandon Ivey FHFA should use its authority to constrain GSE acquisitions of high-balance mortgages, according to Redwood Trust.Read More
Ginnie Mae Issuance Weakens in November, Mods Boost FHA December 7, 2021 John Bancroft FHA volume was incrementally higher in November, while deliveries of VA, Native American and rural housing loans were lower.Read More
NMLS Renewals for LOs Slowed by System Errors December 7, 2021 Sam Manas MBA says the system issues have caused significant delays and imposed costs on state-licensed companies.Read More
Expanded-Credit Mortgage Originations Up 24% in 3Q21 December 6, 2021 Brandon Ivey The ECM gain came as overall production fell 2.8% from the second quarter to the third...Read More
FHA, Ginnie Mae Still Waiting for Senate-Confirmed Leadership December 6, 2021 Monica Hogan Montgomery waited almost seven months for a vote to become FHA commissioner in the Trump administration, even though he had held the job previously...Read More
GSE Servicing Rights Up for Grabs December 6, 2021 Paul Muolo Servicing prices are the best they've been all year.Read More