GSE Conforming Jumbo Volume Spikes in Second Quarter July 11, 2024 James Dohnert Some $9.71 billion of conforming jumbos were included in GSE MBS issued during the second quarter.Read More
Purchase Mortgages Boost Ginnie Issuance in 2Q July 9, 2024 Monica Hogan Issuance of Ginnie Mae mortgage-backed securities rose 19.2% in the second quarter.Read More
Non-Agency Securitization Marks a Gain. However… July 8, 2024 James Dohnert JPMorgan Chase, once again, was the top non-agency MBS issuer in the quarter...Read More
Brokers Add Jobs, Mortgage Bankers Keep Trimming July 8, 2024 Paul Muolo The BLS reading on mortgage employment trails the national numbers by a month.Read More
Short Takes: Warrant Trouble for FoA / Exercisable at $11.50 / Rates and MSR Values / Redwood’s New RMBS Deal / A Promotion at Embrace July 8, 2024 Paul Muolo KBW noted that a majority of the mortgage market is “still well over 300 basis points out-of-the-money to refinance”…Read More
Broker Channel Gains Share in First Quarter July 5, 2024 Namrata Bhatia In the conventional-conforming sector, the broker share grew to 22.2% in the first quarter, up from a 21.6% share the previous quarter.Read More
New Ratings Business Rides Strong MBS/ABS Issuance July 2, 2024 John Bancroft Rated non-agency MBS issuance was up 95.4% from the fourth quarter to $26.99 billion in the first three months of 2024.Read More
Higher Approval Readings From Fannie/Freddie AU Systems July 1, 2024 John Bancroft However, denial rates in the GSE automated underwriting services were higher in 2023 for Black and Hispanic applicants...Read More
Short Takes: A Reverse Stock Split for a Reverse Lender / A Change of Strategy / The Mortgage SPAC Club / Housing Wealth / Bullish on MI Sector July 1, 2024 Paul Muolo To date, there have been just three mortgage IPO SPACs...Read More
Large Nonbank Lenders Gain Market Share in First Quarter June 28, 2024 Brandon Ivey PennyMac Financial was the only top-five lender to post a decline in originations in the first quarter.Read More
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