PennyMac Financial Services, the nation’s second largest Ginnie servicer overall, listed buyouts of $11.6 billion for the six-month period ending June 30...
Chase is marketing a $1.61 billion deal with prime jumbos and a $566.4 million security with investment-property loans, many of which were eligible for sale to the GSEs.
For the most part, the uniform MBS 2.0 (Fannie Mae/Freddie Mac) remains the industry’s benchmark as lenders continue to produce new loans —and MBS — at a decent clip but under a cloud of lower profit margins.
Restrictions placed on the GSEs earlier this year by their regulator are prompting loan aggregators and lenders to sell agency-eligible mortgages for investment properties into the non-agency market.