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Freddie Mac CRT Plows Ahead, Fannie Remains on the Bench

May 14, 2021
John Bancroft

Fannie Mae continues to take a dim view of the capital relief it gets for CRT activities under the enterprise regulatory capital framework...


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GOS Margins Slip Across the Board. And Then There’s Guild

May 14, 2021
Paul Muolo

Sometimes, big isn't always better...


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PMIs Post Strong Earnings but NIW Declines in 1Q21

May 12, 2021
John Bancroft

Private MIs reported a 19.6% drop in purchase-mortgage business during the first quarter, which still accounted for 64.8% of their new insurance written for the period.


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Guaranteed Rate Leads Jumbo Correspondent Sellers in 2020 (By Far)

May 12, 2021
Brandon Ivey

The main buyers of jumbos? Answer: commercial banks, accounting for 54.6% of purchases from unaffiliated sellers...


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April Rebound in Purchase Lending Boosts FHA Share

May 11, 2021
John Bancroft

The FHA program remains a go-to choice for first-time homebuyers...


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Short Takes: A New 52-Week Low for UWM / The Competition Picture? / The Ten-Year / Non-Agency Forbearance? / Embrace Gets a New President

May 10, 2021
Paul Muolo and Brandon Ivey

When it comes to mortgage profits, it's not always a case of where you've been, but what lies ahead...


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The Unthinkable: Some Originators Lost Money in March

May 10, 2021
Paul Muolo

Joe Garrett: “Companies that don’t seem to get too agitated about the occasional loss, and we’ve seen too many of them, seem to have more and larger losses than those companies that are obsessive about not losing money.”


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AmWest Top Contributor to Expanded-Credit MBS in First Quarter

May 10, 2021
Brandon Ivey

AmWest originates a variety of loans through all three lending channels, with an emphasis on TPO...


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Another Loss for Impac, Firm ‘Reengages’ with Non-QM Market

May 7, 2021
Paul Muolo

Personnel expenses at Impac increased 12.8% to $14.9 million...


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A Sharp (and Welcome) Decline in Ginnie Delinquencies

May 7, 2021
John Bancroft

Late payment rates peaked in June at 11.82% as borrowers struggled with the impact of the pandemic on economic activity.


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