Third-Party Origination Channels Gain Share in 2024 March 14, 2025 Brandon Ivey The broker share of originations has nearly doubled from where it was in 2017.Read More
Ellington’s Income Up With Focus on Non-Agency Mortgages March 14, 2025 James Dohnert Ellington Financial signed a joint venture with an unnamed mortgage originator in the fourth quarter.Read More
Short Takes: Pace of Home Sales Slows / Vendors Integrate With Fannie Mae’s Loan Pricing API / HELOC Securitization From Achieve / New MBS With LIBOR Exposure March 14, 2025 Brandon Ivey Homes for sale that went under contract in February were on the market for an average of 54 days, the longest period for any February since 2020, according to Redfin.Read More
PennyMac Sends More GSE-Eligible Mortgages to Non-Agency MBS March 13, 2025 Brandon Ivey PennyMac has marketed an average of one non-agency MBS with GSE-eligible mortgages for investment properties per month since November.Read More
Short Takes: CFPB Firing Freeze Extended / The Drawback of Buydowns / Mixed Trends in Applications Tied to New Construction / Kittle Advising Beeline March 13, 2025 Brandon Ivey The freeze was extended to allow a U.S. district court judge to rule on a legal challenge to planned layoffs at the CFPB.Read More
Ginnie MBS Issuance Declines in February March 12, 2025 Andras Malatinszky FHA activity fell 16.8% while VA production was down 15.1% from January.Read More
loanDepot Takes Loss in 4Q, Margin Shrinks March 12, 2025 Brandon Ivey loanDepot’s gain-on-sale margin dropped from 3.33% in the third quarter to 2.60% in the fourth quarter.Read More
Short Takes: Applications Up / FoA Takes Loss in 4Q / Ishbia Misses Hearing / MBS From Chase, NYMT March 12, 2025 Brandon Ivey Demand for both purchase mortgages and refinances increased last week.Read More
Chase Leads Non-Agency Jumbo Lenders in 2024 March 11, 2025 James Dohnert Chase was one of only three lenders among the top 10 to post a decline in non-agency jumbo production on an annual basis.Read More
Lender Receives Investment From Progressive Insurance March 11, 2025 Brandon Ivey The online lender focuses on purchase mortgages.Read More