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Home » Topics » IMFnews » Secondary/MBS

Secondary/MBS
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Home Equity Loan Securitization Cools Off in Third Quarter

December 11, 2024
Brandon Ivey
Issuance increased by 10.9% on a quarterly basis, well below the increases seen in recent quarters.
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Trump’s Plans for Tariffs Introduce Uncertainty for Housing

December 11, 2024
Brandon Ivey
“A trade war would increase costs, including housing construction costs, and potentially affect employment, pressuring demand and mortgage performance,” according to Fitch Ratings.
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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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