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Home » Topics » IMFnews » Secondary/MBS

Secondary/MBS
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Goldman, Guaranteed Rate Team Up on Non-Agency MBS (Again)

August 10, 2021
Brandon Ivey
Goldman's MBS is stocked with GSE-eligible mortgages on investment properties originated by nonbank mortgage giant Guaranteed Rate...
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Wholesale Loses Ground in 2Q21, Correspondent Gains

August 9, 2021
United Wholesale Mortgage remained the top seller of broker loans with $41.07 billion during the second quarter, a 2.5% drop from 1Q21.
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Higher Ginnie Mae Requirements Could Spell Trouble for MSRs

August 9, 2021
Paul Muolo
Commercial banks could, once again, become big players in the GNMA MSR market but few find that likely...
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Agency MBS Issuance Down in July Despite Ginnie Mae Gain

August 6, 2021
John Bancroft
The two GSEs securitized $98.14 billion of refi loans in July, the lowest monthly volume since March of last year, when the Federal Reserve sparked a massive refi market by pushing interest rates to record lows.
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Two Harbors Takes $132 Million Loss for 2Q, MSR Marks to Blame

August 5, 2021
Brandon Ivey
Two Harbors, of course, isn't the only REIT venturing out into MSR investing but it's certainly been one of the more aggressive...
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Time for FHA to Revise Its Loan-Modification Options?

August 5, 2021
Brandon Ivey
HFPC is urging FHA to offer a more flexible option whereby servicers can use a portion of the partial claim to reduce a borrower’s monthly payment, dollar for dollar...
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Flagstar Top Contributor to Expanded-Credit MBS in 2Q21

August 4, 2021
Brandon Ivey
Some $1.12 billion of ECMs originated by Flagstar were included in non-agency MBS during 2Q21. The lender is slated for sale to NYCB.
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Fannie Reports Stellar 2Q21 Earnings, Says the AMRF Not a Big Contributor

August 3, 2021
Paul Muolo
Fannie’s net worth position increased to $37.5 billion, up 47.4% from a year ago.
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Investment-Property MBS Gains Traction (Thank You FHFA)

August 3, 2021
Brandon Ivey
As has been the case for the past few months, the IP deals were largely stocked with loans that were eligible for sale to Fannie and Freddie...
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Longbridge Preps its First Non-Agency MBS with Proprietary Reverse Mortgages

August 3, 2021
Brandon Ivey
Loans in the reverse MBS were originated between 2019 and this year, according to a presale report from DBRS.
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