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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.
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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.
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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...
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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...
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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.
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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.
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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.
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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...
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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...
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GSE Servicing Rights Up for Grabs

December 6, 2021
Paul Muolo
Servicing prices are the best they've been all year.
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