Another Big Month for Ginnie MBS Issuance October 2, 2019 John Bancroft Ginnie Mae MBS issuance totaled $50.4 billion in August, the best monthly reading of the year…Read More
A Healthy Quarter for Interest-Only Originations October 1, 2019 Brandon Ivey First Republic, JPMorgan Chase and CitiMortgage led the IO pack during the second quarter. Interest-only originations tend to be concentrated in the jumbo space... Read More
HMDA: Mixed Trends in Denial Rates for Jumbos September 27, 2019 Brandon Ivey Quicken Loans denied 29.6% of applications for jumbo purchase-mortgages in 2018 and denied nearly half of the jumbo refi applications it received.Read More
FHFA Chief Calabria Keeps a Close Watch on G-Fees, More September 27, 2019 Paul Muolo In late 2018, the FHFA published a report on g-fees paid from 2013 to 2017, stratifying it by five different lender cohorts…Read More
Plenty of Investors Saddle Up to the MBS Bar as the Fed Cuts Back September 27, 2019 John Bancroft Recent Treasury Department figures show foreign holdings of agency MBS grew by $42.9 billion from March to June… Read More
Rising Real Estate Values Boost Home Equity: CoreLogic September 26, 2019 Yemeng Yang Rising real estate values translate into more home equity for consumers, but that doesn’t mean they will tap it…Read More
Servicing Tied to MBS Up in 2Q19. Bank Portfolios Grow September 26, 2019 John Bancroft Combined, Fannie Mae, Freddie Mac and Ginnie Mae accounted for 63.0% of total home mortgage debt outstanding at the end of June. Read More
Short Takes: Another Record Quarter for Angel Oak / Former PrimeLending Official Joins AO / The CFPB Staffs Up / If the QM Exemption Goes Away / New Hires for loanDepot, M&M September 25, 2019 Paul Muolo If the QM "patch" disappears as scheduled in early 2021, some lenders might see originations plummet. At least, that's the fear...Read More
A Smackdown for New Mortgage Applications. Time to Worry? September 25, 2019 Paul Muolo Industry vet Bill Dallas of Finance of America: “The next two quarters will be pivotal for mortgage bankers.”Read More
Subservicing Sector Continues to Grow, But More Slowly September 24, 2019 Paul Muolo The press-shy Cenlar – which has a thrift charter – continued to dominate the subservicing rankings with a market share of 21.3%...Read More