A Slight Sequential Decline in Fannie/Freddie MBS Issuance February 18, 2020 John Bancroft Still, January production was more than double the volume produced by the two GSEs in the first month of 2019. Read More
In the G-Fee Race, Freddie Finishes First February 14, 2020 John Bancroft Fannie’s average g-fee in the fourth quarter was up as well, but by just one basis point.Read More
Mortgage Broker Market Share Reaches a Milestone: Best Since the Financial Crisis February 13, 2020 John Bancroft An estimated $334.0 billion of home loans were originated through the wholesale-broker channel last year, a 76.7% gain from 2018. Read More
Strong 4Q Profits for the GSEs. However... February 13, 2020 Paul Muolo For GSE watchers the bottom line boils down to this: Both continue to earn money hand over fist and for now get to keep all their earnings instead of forking it over to the U.S. Treasury in the form of dividends.Read More
Still Hiring: Mortgage Bankers and Brokers February 12, 2020 Paul Muolo Thanks to continued low interest rates, mortgage bankers and brokers are seeking additional workers... Read More
Short Takes: New Rez Ready to Tap the Equities Market Again / The ‘A’ Team has Arrived / Risk Factors? / CHLA Weighs in on FHA / A New Hire for Nations Lending February 11, 2020 Paul Muolo The Community Home Lenders Association called on the White House to end the government mortgage insurer’s life of loan premium policy.Read More
Still Rising: Ginnie Mae MBS Issuance February 11, 2020 John Bancroft January's volume represented the second-highest monthly issuance of forward-mortgage Ginnie securities on record.Read More
New Residential Stays MSR Hungry February 10, 2020 Paul Muolo Moreover, the REIT has already inked deals to buy another $40.0 billion, transactions that are expected to close by March 31. Read More
A Mortgage Slowdown Afoot? Hardly. Agency MBS Issuance Stays Strong February 7, 2020 John Bancroft Fun fact: January’s new issuance was more than double the total produced in the first month of 2019. Read More
Ocwen Says Its Money-Losing Days May be Over, Hikes Origination Forecast to $15B February 7, 2020 Paul Muolo Ocwen is predicting that better days are ahead for the company, including (possibly) $15 billion in originations this year...Read More