Agency MBS Issuance Rises in 4Q, Refis Trail Off by Yearend January 10, 2025 John Bancroft Deliveries of rate-term refinances into agency MBS declined by almost 40% on a monthly basis in December.Read More
GSE Refi Characteristics Shift in Fourth Quarter January 8, 2025 John Bancroft The big gains came in high-LTV refinances, which surged to 13.6% of the sample, a 7.05 percentage point increase.Read More
Banks Add MBS, ABS to Trading Accounts January 7, 2025 John Bancroft Bank holding company trading accounts saw a 3.9% increase in total residential MBS holdings in the third quarter.Read More
DPA for FHA Purchase Loans Remains High January 6, 2025 Monica Hogan Gift funds from family accounted for more than half of DPA used by FHA borrowers in FY 2024.Read More
Short Takes: More Borrowing Capacity for Rocket / Lower Price Targets / Time to Trim Low-Producing LOs / Fed’s Barr Resigns January 6, 2025 Paul Muolo Consultants believe just because a loan officer is “commission only” that "doesn’t mean they don’t cost you money every month they’re there”…Read More
Large Nonbanks Take Back Some Origination Share January 3, 2025 Brandon Ivey All of the top five lenders are nonbanks, led by United Wholesale Mortgage.Read More
Brokers Gain Some Share in FHA/VA Lending in 3Q January 2, 2025 Brandon Ivey The increase in broker originations was largely driven by two lenders: United Wholesale Mortgage and PennyMac Financial.Read More
MBS Investors Fill Void as Fed Reduces Holdings December 31, 2024 John Bancroft Depository institutions added some $68.55 billion of single-family MBS to their holdings during the third quarter.Read More
A Risky Proposition: 2024 VA Rate-and-Term Refis December 30, 2024 Monica Hogan ICE: The average rate-and-term refinancer had their previous mortgage for just 15 months prior to refinancing...Read More
CFPB Wants to Bring Data Brokers Under the FCRA December 30, 2024 Shannon Clark The proposal is unlikely to move forward in the Trump administration, but the draft could serve as a blueprint for state legislation.Read More
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