1Q21 ABS Issuance Spikes 87% as COVID Recovery Takes Hold April 23, 2021 John Bancroft Driving the improvement (no pun intended): the auto lending and leasing sector.Read More
Agency MI Market Retrenches in 1Q but Remains Robust Overall April 22, 2021 John Bancroft Sales of purchase loans with private MI coverage fell 21.7%, while Ginnie recorded somewhat more modest declines in FHA (16.0%) and VA (18.0%) volume. Read More
Happy Days are Here Again: Rates Fall, Applications Rise April 21, 2021 Paul Muolo The tide has turned on new loan applications, at least for now...Read More
Agency Delinquency Rates Decline Sharply in 1Q21 April 20, 2021 John Bancroft The combined overall delinquency rate for Fannie and Freddie dropped to 2.57% at the end of March... Read More
Ginnie Servicer Buyouts for Loss Mitigation/Foreclosure Jump 58% in 1Q21 April 20, 2021 John Bancroft The game is on: Ginnie Mae buyouts for loss mitigation/foreclosure purposes spiked in 1Q21 to $9.7 billion...Read More
Fannie and Freddie Ramp Up RPL Sales April 19, 2021 Dennis Hollier Fannie’s RPL activity has consisted entirely of whole-loan sales. Freddie, on the other hand, continues to focus its RPL activities on the securities side of the business.Read More
MSR Transfer Market Off to Puzzling Start in 1Q21 April 19, 2021 John Bancroft Amazingly, there were no bulk transfers of Ginnie MSRs. None.Read More
Rich Man, Poor Man (A Study of Refis) April 16, 2021 Dennis Hollier Historically, rich and poor borrowers have had roughly the same likelihood of refinancing: a probability of 1.14%. Read More
An Origination Decline for Jumbo Specialist FRB April 16, 2021 Paul Muolo On the home-equity lending side of the aisle, the San Francisco-based bank funded $623.6 million worth of seconds, a slight increase from 4Q20...Read More
A Nice Comeback for Non-Agency MBS Issuance in 1Q21 April 16, 2021 John Bancroft JPMorgan Chase was the top issuer of prime non-agency MBS with $4.08 billion in first-quarter issuance... Read More
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