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Heading South: Mortgage Forbearance Readings

November 16, 2020
Paul Muolo

On Friday, Black Knight Financial released its forbearance tally, finding a 121,000 unit decline for the seven-day period ending Nov. 13.


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Short Takes: Not Saying Much About Brickman / Timing? / Bailed Out By Home Prices: the FHA MMIF / COVID Stimulus Looking Doubtful / PNC’s M&A Move

November 16, 2020
Dennis Hollier and Paul Muolo

No press release on Freddie's website regarding Brickman's resignation. Why?


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Jumbo Lending Flat in 3Q20 as Rate Spread Widens

November 15, 2020
Brandon Ivey

Though jumbo volume remained stable, the sector lost market share as the conventional refinance business continued to boom.


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The Ginnie Engine Still Revving High in October

November 15, 2020

As of the end of October, Ginnie issuers had produced $615.55 billion of new single-family MBS, well over the highest total for a full year set in 2019 at $498.33 billion.


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The FHA MMIF Sees Its Capital Ratio Jump to 6.10%

November 13, 2020
Paul Muolo

But looming delinquencies are definitely a concern...


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The GSEs Resume Smashing MBS Issuance Records

November 13, 2020
John Bancroft

Year-to-date production, $1.852 trillion as of Halloween, was up 131.5% from last year. It’s a foregone conclusion that Fannie and Freddie this month will top the current $1.912 trillion annual record for GSE MBS issuance set back in 2003.


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A Second Look at Rocket’s Earnings: Better Than Freddie, Gaining on Fannie

November 12, 2020
Paul Muolo

Quicken is an active and major player in the Ginnie Mae EBO game as well...


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Velocity Increases Income in 3Q, But Cuts Staff

November 12, 2020
Brandon Ivey

The fix-and-flip lender relaunched production in September but doesn't expect originations to return to pre-COVID levels until the second quarter of 2021.


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Primary MI Sets New Highs in 3Q20 Mortgage Boom

November 12, 2020
John Bancroft

The refinance business for private MIs fell 11.0% from the second to the third quarter, dropping to 30.6% of their production. Still, that’s well above historic norms...


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Mortgage Complaints Filed with the CFPB Begin to Pile Up

November 11, 2020
Yemeng Yang

Gripes about mortgage applications hit a historical high, jumping 29.9% sequentially to 1,609 in 3Q20. The nine-month reading registered a stunning 124.6% spike year-over-year.


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Latest Imf News

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