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Ginnie ‘Eagle’ Applications at Low Levels

August 3, 2020
Paul Muolo

The lower readings might suggest a lack of interest in FHA/VA lending but that’s hardly the case given the continued strong production numbers…


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Confirmed: Servicing Transfers (Sales) Hit the Wall in 2Q20

August 3, 2020
John Bancroft

The Ginnie Mae market was hit particularly hard, with bulk transfers crashing 81.0% to just $11.63 billion.


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Next Week’s Big Event: Rocket’s IPO

July 31, 2020
Paul Muolo

Rocket's "virtual" IPO roadshow is currently underway...


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Commercial MBS Pummeled in 2Q20, Agency Multifamily Solid

July 31, 2020
John Bancroft

Given the widespread shuttering of consumer-focused businesses due to the coronavirus, it’s no surprise that securitization of loans on retail properties plummeted 90.1% to just $275.0 million.


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Democratic Lawmakers Grill Kraninger Over Pandemic Response

July 31, 2020
Yemeng Yang

Democratic lawmakers called on CFPB Director Kathy Kraninger to resign.


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Redwood Turns Profit in 2Q Despite Limited Aggregation of Loans

July 30, 2020
Brandon Ivey

Redwood generated $165 million of net income in the second quarter after posting a $943 million loss in 1Q20...


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Industry Does U-Turn on Disparate Impact. Trades Lobby HUD

July 30, 2020
Maria Volkova

Meanwhile, the National Association of Realtors called on the agency to suspend the rule, for now...


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Taking Stock of the Servicing Market: Forbearance Readings, Nonbanks...

July 30, 2020
John Bancroft

Government-guaranteed loans in Ginnie mortgage-backed securities accounted for 48.1% of agency loans in forbearance.


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Mr. Cooper Turns Profit with Emphasis on Direct-to-Consumer Lending

July 30, 2020
Brandon Ivey

Mr. Cooper boosted its direct-to-consumer lending and sharply reduced production through the correspondent channel...


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A Combined $4.3 Billion 2Q Profit for the GSEs. COVID-Related Charges Decline

July 30, 2020
Paul Muolo and Dennis Hollier

Fannie Chief Financial Officer Celeste Brown credited the recently adapted current expected credit loss (CECL) standard for the improved showing because the mortgage giant now looks at lifetime losses whereas before it would have just looked ahead two years.


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Latest Imf News

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Featured Data

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Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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