Ethnicity of Loan Originator a Factor in Mortgage Denials March 18, 2022 Brandon Ivey The researchers noted that the views expressed in the report are not (necessarily) those of the Dallas Fed or of any entity within the Federal Reserve System.Read More
Short Takes: What If: The 5% FRM / Looking Sideways at the Fed / A Rate Comparison / About That Vacation Home / The Thompson Nomination Advances March 18, 2022 Dennis Hollier and Paul Muolo In case you haven't noticed: Jumbo rates continue to be cheaper than Fannie/Freddie rates...Read More
The Decline in Home Equity Lending Continues Unabated March 17, 2022 Dennis Hollier There's been scattered talk that some nonbanks might soon launch second-lien products...Read More
GSE CRT Issuance Drops in 2021 Despite Fannie’s Return March 15, 2022 Dennis Hollier Except for a $1.70 billion lender risk deal with PennyMac in the fourth quarter of 2020, Fannie had no CRT activity until October 2021.Read More
Increase in Mortgage Limits Impacts GSE Seller Volume March 14, 2022 Dennis Hollier The top five loan sellers to the GSEs in February: Rocket, UWM, Chase, Wells Fargo and loanDepot...Read More
Mortgage-Related REITs Scale Back Agency MBS, Lean to Non-Agency March 11, 2022 John Bancroft Most of the decline was in portfolio holdings of mainstream agency MBS...Read More
Non-Agency Offsets Stumble in Fannie/Freddie Jumbo Market March 10, 2022 John Bancroft The conforming-jumbo business saw a modest setback in 2021...Read More
COVID-Era Non-QM Delinquencies? Never Mind... March 10, 2022 Brandon Ivey dv01 looked at loan-level performance data for 1,610 non-QMs with an unpaid principal balance of nearly $800 million...Read More
Applications Rise Nicely but Don’t Get Used to It March 9, 2022 Paul Muolo As one veteran warehouse manager put it: “We’re sucking wind, like everyone else.”Read More
Ginnie Issuance Down as Refi Boom Wanes March 9, 2022 The top three Ginnie issuers in February: PennyMac Financial, Lakeview and Rocket Mortgage...Read More
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