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Refi Volume at GSEs Up 66.4% on Monthly Basis in October

November 19, 2024
Dennis Hollier
Deliveries of refinances to the government-sponsored enterprises jumped from $9.37 billion in September to $15.59 billion in October.
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3Q24 Nonbank Earnings Damage: MSRs the Culprit

November 18, 2024
John Bancroft
Most of the damage came at Rocket Mortgage and Rithm/Newrez, which took hits on the asset value of their MSRs.
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MMIF Reading Nears 11.5%. Time to End Life-of-Loan Premiums?

November 18, 2024
Monica Hogan
The CHLA once again is calling on FHA to eliminate its life-of-loan premium requirements.
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Primary MI Share Shifts Toward Government in 3Q

November 15, 2024
John Bancroft
Government mortgage insurance programs captured most of the primary MI gain in the third quarter.
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Split Trends in Ginnie Activity in October

November 14, 2024
Monica Hogan
Some $15.44 billion of refis were pooled into Ginnie MBS in October, a 25.7% jump from the previous month.
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GSEs Gain Market Share in October Amid Refi Surge

November 12, 2024
John Bancroft
Fannie Mae had the biggest monthly gain in total production among the three agencies, which raised its share of agency MBS issuance in October two percentage points to 27.3%.
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Short Takes: Mixed Trends Among Agency MBS Issuers / Home Sales Expected to Increase / Provident Bank Hires Warehouse VP From Flagstar / Achieve Expands HELOC Offerings

November 12, 2024
John Bancroft and Brandon Ivey
While agency MBS issuance surged in October, some of the top sellers posted declines in volume compared with September.
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A Blowout 3Q for Prime Non-Agency Issuance

November 11, 2024
James Dohnert
Among the top 10 originators of securitized non-agency prime loans, just one was a bank: JPMorgan Chase.
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Of Mortgage Company Debts and Federal Deficits

November 11, 2024
Paul Muolo
Long-term rates could continue to rise if progress isn't made to reduce the federal deficit.
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Short Takes: Better’s New VA Product / M&A Opportunity / More MSR Deals on the Way / HES Product Ready in Oregon / RCC's First MBS Deal

November 11, 2024
Paul Muolo
Just in time for Veterans Day, Better unveils a new refi option.
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