REITs Add to Agency MBS Holdings, Non-Agency Down March 15, 2019 John Bancroft Agency securities accounted for $26.4 billion of the growth in REIT MBS holdings over the course of the year…Read More
Home-Equity Market Sagged in 2018, but Still a Bright Spot March 14, 2019 John Bancroft Credit unions reported a 19.5% increase in closed-end second originations from the first half of 2018 to the second half…Read More
Short Takes: Not the Best Written Indictment? (Manafort) / Bought for $3 Million but Worth $8 Million a Few Years Later / Rates Move Lower / Applications Move Higher / PennyMac’s $200 Million Stock Sale / A New Hire for Gateway Mortgage March 14, 2019 Paul Muolo Thanks to declining interest rates, lenders are feeling more optimistic these days...Read More
Freddie Mac’s MBS Business Rebounds in February March 13, 2019 John Bancroft Fannie Mae saw its monthly MBS output decline by 18.1% from January…Read More
Broker Business Gained Market Share in 2018 March 13, 2019 John Bancroft Retail’s biggest presence was in the jumbo market…Read More
Trump Wants to Slash HUD’s Budget by 16%, but Allows for FHA ‘Tax’ to Upgrade IT March 12, 2019 Paul Muolo The Trump White House wants to impose a fee on FHA lending to raise the money...Read More
Banks Boosted ‘Servicing for Others’ in 4Q18. However… March 11, 2019 John Bancroft The top four banks in servicing for others all reported declining balances…Read More
Number of Borrowers with Negative Equity Increases for First Time in 3 Years March 7, 2019 Brandon Ivey Some 2.2 million borrowers were in a negative equity position at the end of 2018, a 1.6% increase from the end of the third quarter.Read More
FHA, VA Delinquency Rates Decline in Fourth Quarter March 6, 2019 George Brooks FHA delinquency rates fell 26.4 basis points between December and January and were down 14.1 bps over an eight-month period ending January, according to the Inside FHA/VA Lending database ...Read More
Short Takes: Ben Carson to Leave HUD After 2020 Election? / CFPB Hearing / Home Price Appreciation Slows / Mortgage Applications Down / Pinto’s Housing Finance Reform Plan March 6, 2019 Yemeng Yang Housing and Urban Department Secretary Ben Carson said he is planning on leaving his post at the end of President Trump’s first term ...Read More
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