The Final Agency MBS Count for 2020: A Record Setting $3.15 Trillion January 6, 2021 John Bancroft What's more, the GSEs upped their share of the agency market to 75.8%, and dominated the overall single-family market as well...Read More
Ginnie Forbearance Reading At Highest Level Since November January 5, 2021 Paul Muolo Late last week, Black Knight released its measurement: 2.83 million mortgages in COVID-related relief for the seven-day period ending Dec. 29. The FHA/VA (GNMA) reading increased by 11,000 units.Read More
The Ginnie Early Buyout Game Leans Heavily Toward FHA January 4, 2021 Paul Muolo In general, most of the delinquent loan buying has been done by the megabanks and top-ranked direct-FHA funders like Quicken Loans and PennyMac...Read More
Nation’s Largest ‘mREIT’ Renews Stock Buyback Effort January 3, 2021 Paul Muolo Like many mortgage-related REITS, Annaly has returned to profitability and has experienced an improvement in its net interest margin.Read More
DBRS, S&P Lead Ratings Market at Nine-Month Mark December 31, 2020 John Bancroft Kroll Bond Rating Service had a strong year over the first nine months of 2020, with a 12.4% increase in business from the same period in 2019...Read More
TPO Channels Pick Up Share in Stellar 3Q20 Agency Market December 23, 2020 John Bancroft The figures come from a variety of lenders that generated $570.6 billion of home loans during the third quarter, roughly half the market. Read More
No Worries At All: Plenty of Buyers for Agency MBS December 22, 2020 John Bancroft The combined market for Fannie and Freddie single-family MBS grew 3.7% in the third quarter and a hefty 9.5% over the past year. Read More
Forbearance Inches Northward, Trouble in the GNMA Sector December 21, 2020 Paul Muolo Forbearance requests from FHA/VA borrowers reached their highest level since the week ending June 14, MBA said...Read More
Short Takes: Nonbanks Face the (GSE) Music on Liquidity Requirements / MBA is Not Happy / Hope? / Citi Goes English-Only / Freddie Official Hired by the CFPB December 21, 2020 MBA criticized the secretive nature of the rule change, arguing that by using lender letters, the maneuver short-circuited the normal comment period…Read More
Saluda Grade Issues Rare Securitization of Closed-End Second Liens December 21, 2020 Brandon Ivey All of the loans in the new security were originated by Spring EQ, a Philadelphia-based lender co-founded by former New Penn CEO Jerry Schiano... Read More