Short Takes: Inventory Recovering / First-Time Homebuyer Share Increases / A&D Goes Bigger With Latest MBS / Republican Senators Call for Withdrawal of Capital Requirement Proposal November 14, 2023 Brandon Ivey The inventory of homes for sale was stronger than anticipated in October.Read More
GSE MBS Issuance Continues to Slide November 13, 2023 Dennis Hollier In the first 10 months of 2023, the GSEs’ combined refi production came to just $67.79 billion...Read More
The GSE CRT Spigot Starts to Run Dry November 13, 2023 Dennis Hollier One Freddie official noted, "The market thought we would issue at any level, but it was uneconomical"...Read More
Rocket Ramping Up Closed-End Second Securitization November 10, 2023 James Dohnert Rocket’s latest MBS of closed-end second-lien loans is anticipated to be sized at $371 million.Read More
Fed Unlikely to Acquiesce to Industry’s MBS Proposals November 10, 2023 Dennis Hollier Federal Reserve Chair Jerome Powell said the Federal Open Market Committee will maintain a “brisk pace” of qualitative tightening.Read More
Large Nonbanks, Smaller Lenders Driving Jumbo MBS November 8, 2023 James Dohnert United Wholesale Mortgage remained the top originator of loans in prime non-agency MBS in the third quarter.Read More
Short Takes: Nonbanks Not in FHFA’s Plans for FHLBanks / Applications Tick Up / New MBS From Verus / Pretium Wins Fannie NPL Auction November 8, 2023 Brandon Ivey FHFA left it up to Congress to decide whether nonbanks should be provided access to Federal Home Loan Bank advances.Read More
Ginnie MBS Issuance Declines in October November 7, 2023 Brandon Ivey Both FHA and VA volume in Ginnie MBS issuance declined on a monthly basis in October.Read More
Angel Oak REIT Bounces Back in Third Quarter November 7, 2023 James Dohnert Angel Oak REIT posted an $8.3 million profit in the third quarter, after spilling red ink in the second quarter.Read More
Short Takes: Banks See Weak Demand, Tighten Underwriting / FHA Extends Waiver on Face-to-Face / MFA Takes Loss / HELOC Securitization November 7, 2023 Brandon Ivey Demand for mortgages from banks declined in the third quarter and many banks further tightened underwriting.Read More
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