Short Takes: Applications Increase / HPA Accelerates / Fannie Selling RPLs / Another CES Securitization From Rocket April 17, 2024 Brandon Ivey Applications increased even as interest rates rose.Read More
GSE Conforming Jumbo Business Up in First Quarter April 16, 2024 James Dohnert The volume of conforming jumbos included in Fannie Mae and Freddie Mac MBS increased by 8.0% to $6.05 billion in the first quarter.Read More
Chase Goes Large With Latest Jumbo MBS Offerings April 16, 2024 Brandon Ivey The offering from Chase's conduit is the largest jumbo MBS from the conduit since 2022. And Chase is doubling up, with a separate deal stocked with mortgages originated by the bank.Read More
Non-Agency MBS Issuance Bolts From the Gates in 1Q24 April 15, 2024 John Bancroft Fun fact: Expanded-credit deals were the biggest source of new issuance in the first quarter...Read More
Servicing Portfolios Slowly Shift Toward Higher Interest Rates April 12, 2024 John Bancroft At the end of March, some 11.1% of agency single-family servicing had coupons over 6.0%, up from just 3.1% a year ago.Read More
Short Takes: Inflation Reaction / No Give in Home Prices, Yet / LoanCare Rated on Servicing Second Liens / BofA Servicer Ratings Upgraded April 12, 2024 Brandon Ivey There's a disconnect between inflation readings and reactions to the figures, according to Sam Khater, chief economist at Freddie Mac.Read More
GSE Deliveries Decline in First Quarter April 11, 2024 Dennis Hollier Larger lenders remain the most affected by the decline in sales.Read More
Fed Ponders Changes to Balance Sheet Runoff April 11, 2024 Dennis Hollier The goal might be to slow the runoff by allowing less Treasury redemptions each month but allowing MBS to run off at their natural pace.Read More
Refi Business With Primary MI Jumps in First Quarter April 10, 2024 Namrata Bhatia The share of refis with MI coverage in the agency MBS market grew from 10.3% in the fourth quarter of 2023 to 14.6% in the first quarter.Read More
Morgan Stanley Ramps Up GSE-Eligible IPL Non-Agency MBS April 10, 2024 Brandon Ivey Morgan Stanley is packaging GSE-eligible mortgages for investment properties into non-agency MBS.Read More