Profits Decline at Fannie in Fourth Quarter February 15, 2024 Brandon Ivey For the full year, Fannie's net income hit $17.41 billion, up 34.7% from 2022.Read More
Short Takes: Higher for Longer / Home Prices Increase / Homeowner Tenure Levels Off / HECM MBS From Ocwen February 15, 2024 Brandon Ivey Mortgage industry participants are making projections on when "higher for longer" turns in to rate cuts by the Fed.Read More
Freddie’s Single-Family Income Increases in Fourth Quarter February 14, 2024 Brandon Ivey The single-family segment accounted for 91.4% of total net income at Freddie in the fourth quarter.Read More
Deliveries to GSEs Down 8.4% in January February 14, 2024 Dennis Hollier Lenders delivered $41.06 billion of loans to Fannie Mae and Freddie Mac in January.Read More
Correspondent Channel Gains Share in Agency Market February 13, 2024 Andras Malatinszky The correspondent channel accounted for 37.0% of agency deliveries in the fourth quarter, up from a 34.6% share the previous quarter.Read More
Agency-Eligible IPLs, Loans for Second Homes in Non-Agency MBS February 13, 2024 Brandon Ivey Issuance of non-agency MBS with GSE-eligible mortgages is picking up with new deals from Citi and Morgan Stanley.Read More
Short Takes: NewRez Stands Out Among Servicers / CES Securitizations / MBA Warns on Rent Control / Multifamily Property Insurance Symposium February 13, 2024 Brandon Ivey NewRez received a "star" rating from Fannie Mae for general servicing, solution delivery and timeline management.Read More
Fannie Beats the Odds, Posts an Issuance Gain for January February 12, 2024 John Bancroft Some of Fannie’s lopsided growth may reflect that it took a bigger hit in December...Read More
Annaly Brings Non-Agency MBS With Bank-Originated ARMs February 9, 2024 James Dohnert ARMs accounted for less than 1% of prime non-agency MBS issuance in 2023.Read More
Short Takes: Waters Pushes Affordable Housing / Fannie Selling NPLs / Home-Improvement Loan Securitization / CFPB Settles Foreclosure Relief Scam February 9, 2024 Brandon Ivey Rep. Maxine Waters, D-CA, reintroduced a package of bills aimed at affordable housing.Read More
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