Core Products Remain the Focus at GSEs in 3Q October 17, 2024 James Dohnert Noncore products are loans in which the non-agency market competes with the GSEs.Read More
Short Takes: Chimera to Acquire Asset Manager / $300 Million Investment in HEI Provider / Cerberus Packages US Bank Loans / Jumbo MBS From Chase / Rocket’s Latest CES Securitization / Better Launches Voice AI October 17, 2024 Brandon Ivey Chimera will pay $30 million upfront for Palisades Group and an earnout of up to $20 million.Read More
Non-Agency MBS Issuance in 2024 Well Above 2023 October 16, 2024 John Bancroft Some $93.98 billion of non-agency MBS was issued year-to-date through September, putting the market on track for its best year since 2021.Read More
Ginnie Eyes Resources to Support Loan-Level Issuance October 16, 2024 Monica Hogan Ginnie Mae Acting President Sam Valverde said loan-level securitization could help liquidity.Read More
Short Takes: Applications Drop / Home Price Reading for September / SBA Out of Funding for Disaster Loans / NYCB to Rebrand as Flagstar / Acra Brings MBS / PrimeLending Looking to Grow October 16, 2024 Brandon Ivey Applications for refis declined by 26% last week.Read More
Refis Up Sharply in Ginnie MBS in Third Quarter October 15, 2024 Monica Hogan Ginnie issuers securitized $15.61 billion of refis through the Department of Veterans Affairs home loan program in the third quarter, a 68.5% increase from the prior period.Read More
Maxex Expands Jumbo Guidelines on its Marketplace October 15, 2024 James Dohnert Maxex said the new guidelines should reduce the number of sales stymied by loan conditions and establish faster turn times for sales.Read More
Prime Non-Agency MBS Issuance Outpaces Expanded Credit October 14, 2024 James Dohnert Non-agency MBS issuance backed by new originations totaled $20.15 billion in the third quarter, up 17.7% from the previous quarter.Read More
Short Takes: Radian Back With Jumbo MBS / Refi Share at Wells / PHH Servicer Ratings Affirmed / New Issuer of Home Improvement ABS October 14, 2024 Brandon Ivey An affiliate of Radian Group is marketing its second jumbo MBS.Read More
Agency Servicing Tops $9.0 Trillion in Third Quarter October 11, 2024 John Bancroft Total servicing tied to agency single-family mortgage-backed securities rose to $9.004 trillion as of the end of September.Read More