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MBS Trading Sags but a New Benchmark is Born

July 23, 2021
Paul Muolo
Just when you thought rates were in an upward trend, a reversal occurs...
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Short Takes: Awash in Borrowing Authority / A Buyer of MSRs? / Expressing a Desire to Grow / A New Nonagency MBS From Verus / Kraninger Lands / A Promotion at Freddie

July 23, 2021
Paul Muolo
Will Quicken actually buy MSRs? It certainty has the cash...
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Fannie and Freddie Hit the Mother Lode With the Adverse Market Fee

July 22, 2021
Dennis Hollier
COVID-related mortgage losses have been minimal, allowing the GSEs to benefit...
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MI Sector Benefits from Strong Purchase Activity in 2Q21

July 22, 2021
John Bancroft
Sales of conventional loans with private MI to Fannie Mae and Freddie Mac recorded a bigger 10.3% increase from the first quarter.
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Refis Drive Surge in Jumbo MBS Issuance in Second Quarter

July 21, 2021
Brandon Ivey
Roughly $2.26 billion of jumbo MBS issued in the second quarter included a cash-out component...
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On the Rise: Complaints Against Credit Reporting Services

July 21, 2021
Lisa Burden
Many of the complaints about the big three credit reporting services involve inaccurate information in their reports...
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Early Delinquency Rates on Agency MBS Higher in June

July 20, 2021
John Bancroft
The number of loans 30-days past due was up 13.6%...
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VA Refinance Volume Down Sharply in 2Q21, FHA Gains

July 19, 2021
John Bancroft
Both the FHA (11.1%) and the VA insurance programs (20.4%) saw significant increases in purchase-mortgage activity...
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A Milestone of Sorts: Non-Agency MBS Storms to Post-Crisis Record in 2Q21

July 16, 2021
John Bancroft
Things aren’t back to pre-crisis levels by any means. In 2006, quarterly non-agency MBS issuance averaged over $285 billion every three months. It will take a miracle to reach that level for all of 2021.
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GSE Servicing Outstanding Up Almost 18% Year-Over-Year

July 15, 2021
John Bancroft
Compared to a year ago, the GSE single-family servicing market grew a whopping 17.7%.
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