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Forbearance Inches Northward, Trouble in the GNMA Sector

December 21, 2020
Paul Muolo

Forbearance requests from FHA/VA borrowers reached their highest level since the week ending June 14, MBA said...


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Bye Bye Banks? Nondepository Share of GSE Sales Reaches an Astounding 63.9%

December 21, 2020

Among the top 50 nonbank sellers in 2020, six companies have increased their GSE sales more than tenfold: CrossCountry Mortgage, Better.com, Everett Financial, Draper and Kramer, NFM and PRMG.


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Trouble Ahead as 30-Day Delinquencies Rise on Agencies

December 17, 2020
John Bancroft

Although early-payment delinquency rates were up across the board, they remained significantly lower than six months ago.


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Subservicers Continue Their Strong Growth, but For How Long?

December 17, 2020
Paul Muolo
Subservicers continue to benefit from the keep-and-hold strategy being employed by small- to medium-sized shops. (Includes data chart.)
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An Unexpected Rise in Home-Equity Lending During 3Q20

December 16, 2020
John Bancroft

Call-report data analyzed by Inside Mortgage Finance show that banks, thrifts and credit unions housed $371.4 billion of HELOCs on their balance sheets, down 3.1% from the second quarter.


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Fannie: Mortgage Bankers Expect Reduced Profit Margins

December 16, 2020
Paul Muolo

Roughly 33% said profits will remain the same while 48% expect earnings to decrease...

 


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Rising in 3Q: Bank Holdings of First Liens

December 15, 2020
Brandon Ivey

PlainsCapital plans to retain $30 million to $50 million of mortgages per month...


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Ginnie Single-Family MBS Issuance Slows in November

December 15, 2020
John Bancroft

November issuance was down 0.2% from October mostly because of weakening purchase-mortgage securitization, which fell 5.0% on a monthly basis.


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IO Lending a Bright Spot for Non-Agency in 3Q20

December 14, 2020
Brandon Ivey

Nine months through the year, IO production is up 60.0% compared to the same span in 2019...


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Forbearance Declines, But MBA Warns of Trouble Ahead

December 14, 2020
Paul Muolo

MBA: “Compared to the last two months, more homeowners exiting forbearance are using a modification – a sign that they have not been able to fully get back on their feet, even if they are working again.”


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Latest Imf News

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Featured Data

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