Short Takes: Interest Rates Rising / Housing Inventory Improving / More Non-Agency MBS in the Works January 3, 2025 Brandon Ivey Interest rates on mortgages increased to a level last seen in July 2024.Read More
Brokers Gain Some Share in FHA/VA Lending in 3Q January 2, 2025 Brandon Ivey The increase in broker originations was largely driven by two lenders: United Wholesale Mortgage and PennyMac Financial.Read More
Refi Share of Applications Falls Below 40% at Year-End January 2, 2025 Brandon Ivey The refi share of applications was as high as 55.7% in late September.Read More
Short Takes: Annaly off to Quick Start With MBS in 2025 / Outsourcing in Zambia / Residential PACE Originations Constrained January 2, 2025 Brandon Ivey Annaly Capital Management is preparing to issue the first non-agency MBS of 2025.Read More
Use of Discount Points More Prevalent at Nonbank Lenders December 31, 2024 Brandon Ivey Nonbank lenders put a heavier emphasis on discount points in recent years than depository institutions, according to researchers at the Federal Reserve Bank of Philadelphia’s Consumer Finance Institute.Read More
Short Takes: Home Prices Up / Pending Home Sales Increase Slightly / HUD RFI on Property Insurance / Publishing Break December 31, 2024 Brandon Ivey Home prices increased by 0.4% on a monthly basis in October, according to the Federal Housing Finance Agency.Read More
CFPB Suit Against Rocket Almost Dead-on-Arrival? December 30, 2024 Paul Muolo Current CFPB Director Rohit Chopra is expected to be removed from his post on Jan. 20 when the new Trump White House begins...Read More
Correspondent Channel Ramps Up Nonconforming Originations December 27, 2024 James Dohnert Nonconforming mortgage originations in the correspondent channel increased from the second to the third quarter.Read More
Investor Demand Could Drive HEL Originations in 2025 December 27, 2024 James Dohnert KBRA forecasts that non-agency securitizations of HELOCs and CES loans will increase next year.Read More
ARM Originations See Slight Rise in 3Q December 26, 2024 James Dohnert An estimated $60.00 billion of ARMs were originated in the third quarter, a 1.7% increase from the previous three-month period.Read More