Freddie Mac CRT Plows Ahead, Fannie Remains on the Bench May 14, 2021 John Bancroft Fannie Mae continues to take a dim view of the capital relief it gets for CRT activities under the enterprise regulatory capital framework... Read More
Guaranteed Rate Leads Jumbo Correspondent Sellers in 2020 (By Far) May 12, 2021 Brandon Ivey The main buyers of jumbos? Answer: commercial banks, accounting for 54.6% of purchases from unaffiliated sellers... Read More
PennyMac Taps Structured Finance Vehicle to Lever MSRs May 12, 2021 As one company official explained, “This gets us off the bank balance sheet.”Read More
Flagstar Stocks Non-Agency MBS with GSE-Eligible Investment-Property Loans May 12, 2021 Brandon Ivey Additional non-agency MBS with GSE-eligible mortgages for investment properties are expected due to new limitations on Fannie/Freddie acquisitions of such loans.Read More
April Rebound in Purchase Lending Boosts FHA Share May 11, 2021 John Bancroft The FHA program remains a go-to choice for first-time homebuyers... Read More
AmWest Top Contributor to Expanded-Credit MBS in First Quarter May 10, 2021 Brandon Ivey AmWest originates a variety of loans through all three lending channels, with an emphasis on TPO... Read More
Angel Oak Preps its Second MBS with Loans Originated After March 2020 May 10, 2021 Brandon Ivey The new MBS is somewhat smaller and has longer average loan seasoning... Read More
A Sharp (and Welcome) Decline in Ginnie Delinquencies May 7, 2021 John Bancroft Late payment rates peaked in June at 11.82% as borrowers struggled with the impact of the pandemic on economic activity.Read More
New Fannie/Freddie Purchase Limits a Mixed Bag for the Non-Agency Market May 7, 2021 Brandon Ivey The shift is tied to GSE PSPA amendments, which came in January...Read More
Yet Another New Record for Agency MBS Issuance May 5, 2021 John Bancroft More gas left in the MBS tank? Certainly looks that way...Read More
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