Short Takes: Lenders Take LLPA Changes in Stride / Some Relief for HECM Servicers / Funding for Fractional Homeownership / Jumbo MBS From Goldman May 18, 2023 Brandon Ivey Implementation of FHFA's latest LLPA changes hasn't been a burden for lenders.Read More
Short Takes: Home Price Projections / Applications Decline / Better Stock for Garg / Non-QM MBS May 17, 2023 Brandon Ivey and Paul Muolo Home price declines in California in 2023 might not be as bad as initially expected.Read More
Short Takes: 14 Million Refis / MSRs for Sale / New CRT From Freddie / Forbearance Dwindles May 16, 2023 Brandon Ivey and Paul Muolo About one-third of total mortgage debt outstanding refinanced during the pandemic when interest rates were exceptionally low...Read More
Improvement Cited in the Scratch-and-Dent Market May 15, 2023 Paul Muolo S&D bid prices have improved this year...Read More
Verus Brings Large Expanded-Credit MBS May 12, 2023 James Dohnert Invictus Capital Partners’ Verus Mortgage Capital is set to issue its fourth expanded-credit MBS of the year.Read More
Bank Failures Weighing on Agency MBS Investors May 11, 2023 Brandon Ivey Instead of adding to their MBS portfolios in 2023, banks are now expected to be net sellers.Read More
A Spring Thaw for Agency MBS Issuance: April Volume Rises 16% May 8, 2023 John Bancroft Note: The average interest rate on Ginnie refi loans was 5.93%.Read More
Rate Hike Won’t Help with Fed’s MBS Runoff May 5, 2023 Dennis Hollier Since quantitative tightening began in June 2022, the Fed hasn't come close to the $35 billion monthly cap on its MBS runoff.Read More
Delinquencies on Agency Loans Down in First Quarter May 4, 2023 Namrata Bhatia Improvements in loan performance were seen across Fannie Mae, Freddie Mac and Ginnie Mae.Read More
Angel Oak’s REIT Breaks Even in First Quarter May 4, 2023 James Dohnert Resuming purchases of newly originated loans and taking part in a January securitization, Angel Oak Mortgage experienced a slight boost to start the year.Read More
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