Purchase Mortgages Push Up Ginnie MBS Issuance June 13, 2024 Monica Hogan Lenders delivered $27.21 billion of purchase loans into Ginnie MBS in May, up 7.5% from the prior month.Read More
Bank Holdings of First Liens Stagnant in First Quarter June 13, 2024 James Dohnert Banks and thrifts held $2.52 trillion of first liens in portfolio as of the end of March.Read More
Some Uncertainty on Warehouse Financing for Nonbanks June 12, 2024 Paul Muolo The big question, according to some of JPMorgan's warehouse competitors, is how many of Flagstar's customers will stay with the megabank.Read More
Agency MBS Issuance Increases in May June 11, 2024 John Bancroft The growth came largely from purchase-mortgage lending.Read More
ARM Production Weak in 1Q24 June 10, 2024 James Dohnert Among the top 10 ARM lenders in the January-March corridor, just one was a nonbank: Rocket Mortgage.Read More
Short Takes: MSR Sale Update / Reaching Out to Foreign Nationals / Onity, Not Ocwen / Banks and Retailing / In the MBA’s Queue: Jane Fonda June 10, 2024 Paul Muolo Where did the Ocwen name originally come from? It’s “Newco” spelled backwards.Read More
Broker Channel’s Market Share Increases in First Quarter June 7, 2024 Brandon Ivey Brokers accounted for 19.1% of first-lien originations in the first quarter, up from 17.5% in the previous quarter.Read More
Freddie Drives Up GSE Buybacks in First Quarter June 6, 2024 John Bancroft Most of the increase in Freddie buybacks in the first quarter of this year came from loans that were securitized in 2023, which totaled $219.1 million and represented 65.8% of Freddie repurchases in early 2024.Read More
High DTI Ratios Leading to Denials of Mortgage Applications June 5, 2024 Shannon Clark DTI ratio was a factor in 38.45% of denials of applications for purchase mortgages in 2023.Read More
Some Shifts in MBS Holdings at REITs June 4, 2024 John Bancroft Agency MBS held in portfolio at REITs that focus on mortgage assets slid 1.8% to $168.47 billion as of the end of the first quarter of 2024.Read More