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.Read More
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.Read More
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.Read More
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.Read More
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.Read More
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.Read More
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.Read More
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.Read More
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.Read More
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.Read More