Flagstar Boosting its Prime Non-Agency MBS Issuance June 8, 2021 Brandon Ivey The collateral was originated by Flagstar and has seasoned for roughly two months.Read More
Ginnie Mae Market Sags in May as Refinance Drops Sharply June 8, 2021 John Bancroft A slowdown in refinance activity was responsible for the May swoon.Read More
VA Issues Final COVID-19 Partial Claim Program Rule June 8, 2021 Maria Volkova The final rule, which has been in the making for months, looks drastically different than the proposal first announced in December.Read More
Credit Bureaus Deflect Blame for Surge in Consumer Complaints June 8, 2021 Lisa Burden Anxious consumers were checking their credit reports often during the pandemic, affecting the tally...Read More
Expanded-Credit Production Nearly Flat in 1Q21 June 7, 2021 Brandon Ivey In the first quarter of 2021, expanded-credit mortgages accounted for 0.7% of total first-lien production compared to 2.2% for all of 2019.Read More
Second Quarter Lending Shaping Up to Be Good, Not Great June 7, 2021 Paul Muolo The origination slowdown is finally here, but for now it's not so bad...Read More
Bank Selling $5.4 Billion of MSRs Through Phoenix Capital June 7, 2021 Paul Muolo The Fannie Mae/Freddie Mac portfolio is collateralized by 30- and 15-year product, with weighted average coupons of 3.19% and 2.80%...Read More
A&D Mortgage, PIMCO Ready Non-QM MBS Deals June 7, 2021 Brandon Ivey A&D's MBS is stocked with new production while PIMCO is tapping mortgages originated by Citadel Servicing Corp. nearly four years ago.Read More
The GSEs Attempt Clarity on QM Changes June 4, 2021 Brandon Ivey The switch to the new standards created some complications for single-closing construction-to-permanent loans and other products...Read More
Agency Single-Family Business Tumbles in May June 4, 2021 John Bancroft With mortgage rates climbing for most of the year, a pullback in refinance activity was expected.Read More
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