When one MBS window closes, another appears...

Looking at Freddie mortgages active as of January, researchers found that nearly 50% of Black homeowners would have saved at least $1,200 a year if they had refinanced while almost 20% would have saved at least double that amount.

Refinances are a rarity among manufactured housing loans, according to the study.

Quicken ranked as the top retail lender with an estimated $71.43 billion in first-quarter volume. Its retail market share: 5.5%...

One lender may move to cut 300 workers...

Jumbos accounted for 9.2% of all home originations in the first quarter, an increase from 8.9% in 4Q20.

Back in 2015, the mix was reversed: FHA accounted for 60% of the FHA/VA market.

HUD Secretary Marcia Fudge was nominated in December and took her oath in early March, but there has yet to be a peep out of Pennsylvania Avenue regarding the FHA commissioner job and who will lead Ginnie Mae.

GSE regulator Sandra Thompson: “FHFA has nothing against big players, but their size means that they don’t have to worry about accessing the capital markets. Small lenders, on the other hand, may be able to leverage local knowledge to best serve their communities.”

Although total conventional-conforming production was up, the top four lenders in the market all reported slowing volume.