Refi Business With Primary MI Jumps in First Quarter April 10, 2024 Namrata Bhatia The share of refis with MI coverage in the agency MBS market grew from 10.3% in the fourth quarter of 2023 to 14.6% in the first quarter.Read More
Agency MBS Issuance Picks Up in March April 9, 2024 John Bancroft Agency securitization of purchase loans looks to have turned a corner in March, with volume rising 13.5% from February.Read More
Fannie and Freddie Loosen the Purse Strings on Loan Credit April 8, 2024 Paul Muolo Meanwhile, the share of the safest mortgages — in terms of underwriting characteristics — slipped to 11.26%...Read More
Brokers Add Jobs, Mortgage Bankers Cut April 8, 2024 Paul Muolo Roughly 106,400 mortgage workers have been handed pink slips since business peaked in the spring of 2021...Read More
First-Quarter Agency MBS Volume Up on Annual Basis April 5, 2024 John Bancroft Purchase-mortgage volume at Ginnie Mae increased by 13.9% on an annual basis in the first quarter of 2024.Read More
Brokers, Correspondents Gain Share in FHA/VA Lending April 4, 2024 Monica Hogan The correspondent channel accounted for 47.5% of FHA/VA originations in 2023, up from a 46.8% share in 2022, based on volume from a subset of lenders that produced the majority of FHA/VA volume.Read More
Bank Mortgage Holdings Increase in 2023 April 2, 2024 James Dohnert On an annual basis, the holdings increased by 3.2%.Read More
Reverse Lender CEO Earned $3M Last Year April 2, 2024 Paul Muolo In 2021, while serving as FoA's president, Fleming's pay package totaled $17.6 million...Read More
As Late Payments on Non-QMs Rise, Lenders Take Note April 1, 2024 Paul Muolo Loan trader Tad Dahlke said he’s seeing a pickup in delinquencies on non-QMs as well as Ginnie Mae loans...Read More
Subtle Shifts in Securitization Rate as Lending Declines March 29, 2024 Brandon Ivey The securitization rate for residential mortgages was 72.1% in 2023.Read More
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