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MBA’s New Application Reading Goes Positive Again; A Gain for NY, CA and WA

April 15, 2020
Paul Muolo

Believe it or not, purchase loan applications increased 16.4% in Washington, one of the first states ravished by the pandemic...


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The First to Report in the COVID Era, Wells and JPM Unveil Huge MSR ‘Marks’ for 1Q20, Residential Originations Fall as Well

April 14, 2020
Paul Muolo

On the servicing front the news was grim. Wells revealed that its massive residential servicing portfolio declined in value by 29.4% from the prior period: $8.13 billion at March 31 compared to $11.52 billion at yearend.


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Mortgage Forbearance Requests Spike. $418 Billion of Loans Could Fall Into Arrears

April 13, 2020
Paul Muolo

The Ginnie Mae portion is $130 billion: Forbearance requests on 5.89% of $2.2 trillion worth of FHA/VA loans that back GNMA MBS.


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GSE MBS Production Softened in 1Q20, Nonbanks Lose Market Share

April 13, 2020
John Bancroft

In a nutshell, depository institutions managed to increase their sales of refinance loans sequentially while IMBs saw a drop...


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FHA Expects to Release COVID-19 Forbearance Figures by Month’s End

April 9, 2020
Maria Volkova

FHA forbearance is expected to swell in the weeks and months ahead...


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Until the Pandemic Hit, 2020 Was Shaping Up to be a Banner Year for MBS Issuance

April 9, 2020
John Bancroft

Among the top five agency MBS issuers in the first quarter, three were nonbanks: Quicken, PennyMac and UWM, according to exclusive figures from Inside Mortgage Finance...


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A Major Spike in Pandemic-Related Forbearance Requests. Ginnie Mae Especially Hard Hit

April 7, 2020
Paul Muolo

MBA said its survey covers 22.4 million loans serviced…


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Ginnie MBS Issuance Slows in1Q20, but Heads North in March

April 6, 2020
John Bancroft

Refi volume was clearly gaining speed in March. On a combined basis, deliveries of FHA and VA refi loans grew 8.4% from February…


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Exclusive: The Pandemic’s Effect on MBS Issuance in 1Q20

April 3, 2020
John Bancroft

Fannie Mae, Freddie Mac and Ginnie Mae produced $478.64 billion of new single-family MBS in the first quarter of 2020, a 5.6% drop from 4Q19...


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On the Decline in 1Q20: GSE Acquisitions of Loans with PMI

April 2, 2020
John Bancroft

Private MI business depends heavily on purchase-mortgage activity, and that’s where Fannie and Freddie saw the biggest decline...


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