Short Takes: Applications Hold Steady / Mixed Trends in Foreclosures / Cherry Hill REIT Takes Loss / A&D Provides CRM Tool to Brokers November 13, 2024 Brandon Ivey There was little movement in applications for purchase mortgages or refinances last week.Read More
GSEs Gain Market Share in October Amid Refi Surge November 12, 2024 John Bancroft Fannie Mae had the biggest monthly gain in total production among the three agencies, which raised its share of agency MBS issuance in October two percentage points to 27.3%.Read More
Refi Share Up Sharply in Latest Jumbo MBS From Rate November 12, 2024 Brandon Ivey Refis account for 15.0% of the planned $365.3 million issuance.Read More
Short Takes: Mixed Trends Among Agency MBS Issuers / Home Sales Expected to Increase / Provident Bank Hires Warehouse VP From Flagstar / Achieve Expands HELOC Offerings November 12, 2024 John Bancroft and Brandon Ivey While agency MBS issuance surged in October, some of the top sellers posted declines in volume compared with September.Read More
A Blowout 3Q for Prime Non-Agency Issuance November 11, 2024 James Dohnert Among the top 10 originators of securitized non-agency prime loans, just one was a bank: JPMorgan Chase.Read More
Ginnie to Reward Issuers That Successfully Hedge MSRs November 8, 2024 Brandon Ivey The capital relief will be provided via an adjustment to MSR values.Read More
Short Takes: Delinquencies Decline / Ishbia Expects Positive Changes Under Trump / Upgrades for Large Nonbanks / Redwood MBS With IPLs November 8, 2024 Brandon Ivey The modest decline in delinquencies in the third quarter was tied to early-stage delinquencies, while later-stage delinquencies increased.Read More
Fewer Rate Cuts Expected From Fed Under Trump November 7, 2024 Brandon Ivey Trump's economic policies could limit rate cuts by the Fed in 2025.Read More
Multifamily Loans Drive Up Commercial MBS Issuance November 7, 2024 John Bancroft Some $30.44 billion of multifamily loans went into commercial MBS issuance in the third quarter, a 46.1% increase from the second quarter.Read More
Short Takes: FICO Increasing Score Price / Earnings Jump at Finance of America / Zillow Increases Originations / Losses Narrow at Blend November 7, 2024 Brandon Ivey The wholesale royalty cost for a FICO credit score for mortgage originations will increase by 41% in 2025 to $4.95.Read More