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FHFA Lowers Liquidity Threshold for FHLBs

March 26, 2020
Dennis Hollier

Calabria’s remarks were part of a broader outline summarizing the impact the crisis has had on mortgage markets and the actions the FHFA has taken in response.


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Short Takes: A Tremendous Recovery? / Non-QM Layoffs Coming? / Will Ocwen Blow it This Time Around? / India / GSE Reform Kaput?

March 26, 2020
Paul Muolo

In the stock market, we trust. Right? Meanwhile: Ocwen to the rescue? (Too bad Ditech didn't survive.)


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A Problem for Loan Closings: Certain County Recorder Offices are Closed

March 26, 2020
Yemeng Yang

“That’s going to grow as we see more and more states that enter into a shelter-in-place status,” said Steve Gottheim, senior counsel at ALTA.


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Shelter-in-Place States Account for a Huge Chunk of the Mortgage Market

March 26, 2020
John Bancroft

Those 21 states accounted for $919.3 billion of single-family business funneled through Fannie Mae, Freddie Mac and Ginnie Mae into mortgage-backed securities issued in 2019.


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Fed's Relief Efforts Not Reaching Non-Agency Market

March 25, 2020
Brandon Ivey

Actions by the Fed to help the mortgage market haven't don't much for non-agency MBS. Issuance ground to a halt and a number of lenders suspended production.


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As Lenders Await Word on Liquidity Aid for MBS Issuers, New Applications Continue to Fall

March 25, 2020
Paul Muolo
As one observer noted: The 30-day delinquencies won't be a problem. The industry has some time on that score...
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Freedom’s Debt Put on Negative Watch by Fitch

March 24, 2020
Paul Muolo

Back in September, Freedom’s financials looked strong. The lender/servicer is privately held...


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Short Takes: (Mortgage) Shoes Keep Dropping / Originator to Warehouse Financier: You’re Fired / Pending Legislation to Help IMBs? / MSR Buyer Halts Flow Purchases

March 24, 2020
Paul Muolo

We’re still waiting to hear word on pending legislation to provide economic relief to consumers and businesses affected by the pandemic. Included in the bill is a funding mechanism for nonbank servicers.


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VA Securitization Volume Increased Sharply in 2019

March 24, 2020
Namrata Bhatia

Roughly $220.8 billion of VA loans were delivered into Ginnie mortgage-backed securities last year...


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The Latest Shoes to Drop: Angel Oak Wholesale, Citadel Suspend Non-QM Lending

March 24, 2020
Brandon Ivey

Two of the top originators of non-QMs suspended lending operations on Monday, citing complications from the coronavirus.


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Latest Imf News

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