Another New Record for Ginnie MBS Issuance July 14, 2020 John Bancroft The venerable agency MBS platform set production records in both the third and fourth quarters of 2019, caught its breath in early 2020, and then rose 12.7% to a new high in the April-June cycle. Read More
The COVID Quarter: 2Q Originations Up at Wells, Down at JPM July 14, 2020 Paul Muolo Wells posted a 204 basis point held-for-sale production margin, up an impressive 96 bps from 1Q20... Read More
Annaly Preps Expanded-Credit MBS with Slightly Seasoned Loans July 14, 2020 Brandon Ivey Nearly 8% of mortgages in the MBS are in forbearance, though all of the borrowers are current on their payments. Read More
A Noticeable Drop in Ginnie Forbearance but ‘Buyouts’ Affect the Equation July 13, 2020 Paul Muolo The Fannie Mae/Freddie Mac measurement came in at 6.07%, down 11 bps, the fifth consecutive decline.Read More
Genworth Weighs its Options as Acquisition Twists in the Wind July 13, 2020 Namrata Bhatia An open question mark, the proposed Genworth-Oceanwide merger was first announced in 2016... Read More
EC MBS Issuance Rises in 2Q20 While Prime Agency-Eligible Deals Suffer July 13, 2020 Brandon Ivey Roughly $8.04 billion of non-agency MBS backed by new production was issued in the second quarter, down 39.0% from the first three months of the year. Read More
Velocity Financial Looks to Resume Lending After Selling Loans July 13, 2020 Brandon Ivey Velocity sold two unrated MBS in recent months and now plans to focus on restarting originations. Read More
BlackRock Reduces Position in Troubled Ocwen July 12, 2020 Paul Muolo In a public filing this spring, Ocwen listed among its risks: “our ability to maintain positive relationships with our large shareholders…”Read More
Short Takes: SCOTUS and the Conservatorship / FHFA Extends Origination Flexibilities / Freddie Expands Board July 10, 2020 Dennis Hollier
Quicken: Buy Our Stock; We Sell to the GSEs July 10, 2020 Brandon Ivey The nation's largest home lender touts the quick sale of mortgages to Fannie and Freddie as a selling point for its IPO.Read More