Short Takes: Improved Originations? Just Look at the MBS Numbers / What the Fed May Not Do / Jumping Into the Non-QM Pool? / A 10-Year Vet Leaves PFSI October 7, 2024 Paul Muolo Some market watchers, including lending professionals, believe the Fed is done cutting rates for the year.Read More
Refis Push Agency MBS Issuance Up in Third Quarter October 4, 2024 John Bancroft Issuance of single-family agency MBS increased by 13.1% from the second quarter, hitting its highest level in two years.Read More
Mortgage Securitization Rate Ticks Down in Second Quarter October 3, 2024 Brandon Ivey An estimated 64.2% of newly-originated home loans were securitized in the second quarter, down from 67.2% in the first quarter.Read More
Broker Share of Nonconforming Lending Grows October 2, 2024 James Dohnert The retail channel remained the largest source of nonconforming loans, though the channel’s market share dropped in the first half of 2024.Read More
Some Shifts in Non-Agency MBS Rating Activity in 2Q October 1, 2024 John Bancroft Fitch Ratings remained the top player for rating non-agency MBS in the second quarter of 2024 but the firm lost some market share.Read More
Correspondents Gain Share Among Government Originators in 2Q24 September 30, 2024 Monica Hogan Most of the share lost by the correspondent channel was picked up by the broker channel.Read More
Sizeable Pay Cuts for Some CEOs of Mid-Sized Nonbanks? September 30, 2024 Paul Muolo In some cases, CEO pay was cut in half at mid-sized nonbanks.Read More
Home Equity Lending Increases in Second Quarter September 27, 2024 Brandon Ivey Banks continue to dominate home equity lending, but some nonbanks have made big moves, including Rocket Mortgage.Read More
Bank Retail Production Jumps in Second Quarter September 27, 2024 Namrata Bhatia All banks among the top 100 lenders reported an increase in retail mortgage originations in the second quarter.Read More
Ginnie Leads Increases in Agency MBS Outstanding September 26, 2024 John Bancroft Ginnie Mae posted a 1.8% increase to finish the second quarter with $2.445 trillion in single-family MBS outstanding.Read More
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