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Booming GSE Market More Fragmented in 3Q19

October 7, 2019
John Bancroft

Small and mid-sized mortgage bankers saw a 65.7% jump in GSE loan sales, pushing their share of the market 2.1 percentage points higher…


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Short Takes: Analyst Bove: The Net Worth Sweep Has Not Been Eliminated / Free Money? / Who’ll Stop the Rain? (GSE Shares) / Oklahoma, Where the Mortgages Come Sweeping Down the Plain

October 3, 2019
Paul Muolo

JMP Securities has a “market perform” rating on Impac Mortgage, the publicly traded nonbank that’s trying to carve out a space for itself in the non-QM sector but can’t resist the temptation of reaching for GSE refis...


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Spurred by Refis, Agency MBS Issuance Climbs to 11-Year High

October 3, 2019
John Bancroft

The biggest growth in the agency mortgage market during the third quarter of 2019 came from increases in refinance lending…

 


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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…


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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...


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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.


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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…


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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…

 


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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…


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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.


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