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Home » Topics » IMFnews » Secondary/MBS

Secondary/MBS
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Annaly Plots Further Growth for Non-Agency Conduit

December 11, 2024
James Dohnert
Onslow Bay plans to increase its correspondent business by offering a non-delegated option next year.
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Short Takes: Frustration, Optimism on Trigger Leads / Planet Financial’s Debt Offering Upsized / Negative Outlook for Rocket / Rocket’s CES Securitization Slows

December 11, 2024
Brandon Ivey
Opposition from Rep. Patrick McHenry, R-NC, stalled legislation this year that would limit trigger leads.
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Figure’s HELOC Securitization Activity Slows Somewhat

December 10, 2024
Brandon Ivey
The pending issuance is the second-smallest HELOC securitization from the firm this year.
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Short Takes: Refis Peter Out / Sentiment on Housing Improving / Angel Oak as Non-QM Aggregator / Foreclosures Slow

December 10, 2024
Brandon Ivey
Locks for refis plummeted in November following a rise in interest rates.
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Ginnie MBS Issuance Has Its Best Month of the Year

December 9, 2024
Brandon Ivey
Among the top 20 Ginnie issuers in November there were just two federally insured depositories: U.S. Bank and Navy Federal.
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Employment Trends Support Rate Cut by Fed Mid-December

December 6, 2024
Brandon Ivey
While layoffs aren’t increasing, new entrants and individuals who lose jobs are having a more difficult time regaining employment.
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Cardinal Issues Small VA MBS Pool Underwritten With FICO 10 T

December 6, 2024
Monica Hogan
Cardinal started originating VA loans using 10 T scores in October.
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Bank Servicing for Others Level in Third Quarter

December 5, 2024
Namrata Bhatia
Banks and thrifts serviced $3.023 trillion of mortgages for other investors as of the end of September.
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Rosner Opposes MBA’s Stance on GSE Reform

December 5, 2024
Brandon Ivey
Joshua Rosner, managing director at Graham Fisher, a consulting firm, suggested that calls for an explicit government guarantee for GSE MBS are absurd.
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Short Takes: Trigger Leads Bill Stalls / Bank Sells Older MBS, Loans at Loss / Debt Offering From UWM / FHLBank of Indianapolis Increases Mortgage Subsidy

December 5, 2024
Brandon Ivey
A bill with bipartisan support to ban trigger leads tied to mortgage applications was removed from a defense spending package.
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