Short Takes: Ginnie Limiting Buydown Deliveries / PennyMac Upsizes Debt Offering / Flurry of Non-Agency MBS / Profits Down Slightly at BPL Lender May 2, 2025 Brandon Ivey Ginnie Mae is instituting a temporary 10% cap on the share of mortgages with buydowns delivered into multiple issuer pools of Ginnie MBS.Read More
Lower Revenues, but Steady Profit at Freddie May 1, 2025 Dennis Hollier FHFA Director Bill Pulte didn't participate in Freddie's first-quarter earnings call, as he did for Fannie's on Wednesday, but his presence was felt.Read More
Lenders Push Lower-LTV-Ratio Refis to GSEs in 1Q May 1, 2025 Brandon Ivey The share of refis with low loan-to-value ratios delivered to the GSEs increased in the first quarter of 2025.Read More
Short Takes: House Committee Approves Large Cut to CFPB’s Budget / Pending Home Sales Up / Large Nonbanks in Good Spot / New Expanded-Credit MBS From Ares May 1, 2025 Brandon Ivey The House Financial Services Committee moved a bill forward that would reduce the budget for the Consumer Financial Protection Bureau by close to 70%.Read More
Property Insurance Costs Pressuring Lenders, Homeowners April 30, 2025 Shannon Clark Property tax and insurance costs now account for more than 20% of a mortgage payment.Read More
Pulte Not Putting Emphasis on Ending GSE Conservatorship April 30, 2025 Brandon Ivey Pulte reiterated that movements in interest rates on mortgages will help to guide GSE reform.Read More
Short Takes: The Fed’s ‘Quandary’ / Weak Demand for Purchase Mortgages / Impairment Rate on Non-QMs Declines / SoFi Increasing Home Lending April 30, 2025 Brandon Ivey The data the Federal Reserve relies on shows a slowing economy but also increased risk of inflation.Read More
Fannie Economists Revise Interest Rate Projection Lower April 29, 2025 Brandon Ivey Fannie's previous forecast was released just prior to changes in tariff policies.Read More
Trump Administration Orders End of Disparate-Impact Analysis April 29, 2025 Shannon Clark The Consumer Financial Protection Bureau has already followed through with the directive.Read More
Short Takes: Home Price Appreciation Slows / More Judicial Scrutiny of CFPB Layoffs / Rate Launches Expanded-Credit Products / FHA Revises Foreclosure Sale Policy / Wells Free From CFPB Consent Order April 29, 2025 Brandon Ivey Home prices increased by 0.1% on a monthly basis in February.Read More