A Strong Quarter and Year for Ginnie Issuance January 13, 2025 Brandon Ivey The top-five Ginnie MBS issuers in 2024: Freedom, PennyMac, UWM, Rocket and Newrez. All are nonbanks.Read More
Mortgage Bankers Hire, Loan Brokers Cut January 13, 2025 Paul Muolo “We’re in for a long slog,” one CEO told IMFnews.Read More
Short Takes: Lower Asking Prices in Hot Markets? / To Quote Corleone / MSRs for Sale / CA Regs and BPLs / Xome Chief to Retire January 13, 2025 Paul Muolo Phoenix Capital is auctioning off a $661 million portfolio of conventional mortgage servicing rights.Read More
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
RSS