UWM Tops in Jumbo Sellers, According to HMDA July 15, 2020 Brandon Ivey United Wholesale sold $5.74 billion of jumbos to unaffiliated non-agency buyers in 2019. Read More
FHA Rulemaking Focuses on Reducing Costs, Modernization July 15, 2020 Maria Volkova In order to lower servicing costs, FHA proposed limiting required mortgagee curtailment of interest to the length of the mortgagee’s delay... Read More
Mortgage Applications Continue to Head in the Right Direction July 15, 2020 Paul Muolo Overall, refinances accounted for 64.2% of new business compared to a reading of 60.1% the week before. The trade group’s purchase index decreased 6.0%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
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