Non-Agency MBS Issuance Slows in 4Q, Drops in 2023 January 10, 2024 James Dohnert Expanded-credit MBS volume was down 27.2% on an annual basis and prime volume fell by 62.9%.Read More
Pricing MBS: 10-Year Treasury Not Necessarily Best Option January 10, 2024 Dennis Hollier Chris Bennett, a veteran MBS trader and founder of Vice Capital Markets, suggests looking to the five-year Treasury rate for current coupon mortgages.Read More
Short Takes: New Top Issuer of Non-Agency MBS / Choppy Application Trends / Home Price Projections / MSR Offering January 10, 2024 Brandon Ivey and Paul Muolo JPMorgan Chase is no longer the largest issuer of non-agency MBS.Read More
Ginnie Issuance Volume Declines in Fourth Quarter January 9, 2024 Brandon Ivey Issuance declined by 16.7% on a quarterly basis in the fourth quarter, with the VA losing market share.Read More
Securitization Market Posts Weakest Showing in a Decade January 8, 2024 John Bancroft Make no mistake about it, all sectors slowed in the fourth quarter...Read More
Agency MBS Issuance Fails to Reach $1.0 Trillion in 2023 January 5, 2024 John Bancroft Agency MBS issuance declined by 41.1% on an annual basis in 2023.Read More
Ginnie Grapples With RMF’s Reverse Mortgage Portfolio January 5, 2024 Paul Muolo It stands to reason that Ginnie would want to sell the HECMs it seized from Reverse Mortgage Funding.Read More
Short Takes: Top Agency MBS Issuer in 2023 / Smaller Banks Concerned About HELOCs / Angelo Gordon Quick With MBS January 5, 2024 Brandon Ivey United Wholesale Mortgage barely edged out PennyMac as the top issuer of agency MBS in 2023.Read More
Delinquencies on Non-QMs Rising at ‘Worrying’ Rate January 4, 2024 Brandon Ivey The increase in impairments in November was the largest increase seen in the sector outside of COVID.Read More
Loan Sales by Banks Steady in Third Quarter January 4, 2024 Brandon Ivey JPMorgan Chase, the largest bank retail lender, sold $9.23 billion of mortgages in the third quarter, up 5.5% from the second quarter.Read More
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