GSE Business Increases in Third Quarter October 9, 2024 Dennis Hollier Five of the top 10 GSE sellers increased their volume by at least 20.0% in the third quarter.Read More
Rare Non-Agency MBS With Loans for Manufactured Homes October 9, 2024 Brandon Ivey Loans in the MBS were originated by Southwest Stage Funding via its Cascade Financial Services unit.Read More
Slow Runoff for Fed’s Agency MBS Holdings October 9, 2024 Dennis Hollier Since the Fed started its current asset reduction period in 2022, it has allowed an average of about $18 billion a month of agency MBS to run off.Read More
Short Takes: Application Trends Split / Arvest Bank’s Servicer Rating Downgraded / HEL Securitizations / MBS From Angel Oak October 9, 2024 Brandon Ivey Demand for refis declined last week while applications for purchase mortgages held steady.Read More
Residential Mortgages Lift Issuance of MBS & ABS October 8, 2024 John Bancroft Residential MBS production was up 11.9% from the second quarter, hitting $341.43 billion, a two-year high.Read More
Smaller Lenders Raise Concerns About FHLBank Proposals October 8, 2024 Dennis Hollier Credit unions and small community banks opposed the idea of incentive membership programs at the Federal Home Loan Banks.Read More
Short Takes: Home Prices a Hurdle / MBA Expands Convergence Initiative / Fannie Selling RPLs / Jumbo MBS From Chase October 8, 2024 Brandon Ivey Elevated home prices are limiting home sales.Read More
Refis Push Agency MBS Issuance Up in Third Quarter October 4, 2024 John Bancroft Issuance of single-family agency MBS increased by 13.1% from the second quarter, hitting its highest level in two years.Read More
MBS Investors Protected as Non-QM Delinquencies Rise October 4, 2024 Paul Muolo Even with elevated levels of delinquencies, MBS investors are protected due to credit enhancement and low loan-to-value ratios.Read More
Short Takes: Strong Recapture Rate for Planet Home / Jumbo MBS From Redwood / New CRT From Freddie / Home Improvement Securitization October 4, 2024 Brandon Ivey Fitch Ratings upgraded its servicer ratings of Planet Home Lending, citing a strong recapture rate, among other attributes.Read More
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