Short Takes: Senators Call for VA to Adjust Loss Mit / SPS Update / Guaranteed Rate Offers Program for Real Estate Agents / Another Jumbo MBS From Chase November 16, 2023 Sam Manas The senators said VA should pause foreclosures for borrowers who will likely qualify for the Veterans Assistance Servicing Purchase program.Read More
Short Takes: Applications Increase / GSE Multifamily Cap Declines / FHA Property Inspection Fees / Fannie Offers CRT November 15, 2023 Brandon Ivey Mortgage applications were up 2.8% on a weekly basis while interest rates stayed put.Read More
Retail Channel Gains Share in Agency Market in 3Q November 14, 2023 Andras Malatinszky The retail channel boosted its share of agency MBS business by 112 basis points to 48.9% in the third quarter.Read More
Short Takes: Inventory Recovering / First-Time Homebuyer Share Increases / A&D Goes Bigger With Latest MBS / Republican Senators Call for Withdrawal of Capital Requirement Proposal November 14, 2023 Brandon Ivey The inventory of homes for sale was stronger than anticipated in October.Read More
GSE MBS Issuance Continues to Slide November 13, 2023 Dennis Hollier In the first 10 months of 2023, the GSEs’ combined refi production came to just $67.79 billion...Read More
The GSE CRT Spigot Starts to Run Dry November 13, 2023 Dennis Hollier One Freddie official noted, "The market thought we would issue at any level, but it was uneconomical"...Read More
Rocket Ramping Up Closed-End Second Securitization November 10, 2023 James Dohnert Rocket’s latest MBS of closed-end second-lien loans is anticipated to be sized at $371 million.Read More
Fed Unlikely to Acquiesce to Industry’s MBS Proposals November 10, 2023 Dennis Hollier Federal Reserve Chair Jerome Powell said the Federal Open Market Committee will maintain a “brisk pace” of qualitative tightening.Read More
Large Nonbanks, Smaller Lenders Driving Jumbo MBS November 8, 2023 James Dohnert United Wholesale Mortgage remained the top originator of loans in prime non-agency MBS in the third quarter.Read More
Short Takes: Nonbanks Not in FHFA’s Plans for FHLBanks / Applications Tick Up / New MBS From Verus / Pretium Wins Fannie NPL Auction November 8, 2023 Brandon Ivey FHFA left it up to Congress to decide whether nonbanks should be provided access to Federal Home Loan Bank advances.Read More
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