Short Takes: Ginnie Offers New Avenue on Buydowns / Democrats Frustrated With Fed’s Removal of Asset Cap on Wells / Large Expanded-Credit MBS From Ares / eHELOC Standard June 6, 2025 Brandon Ivey Beginning June 16, custom single-family pools in the Ginnie II program won’t be subject to the 10% concentration limit on mortgages with buydowns.Read More
Maxex Broadens Offerings for Expanded-Credit Mortgages June 5, 2025 Abby Zimmardi Changes include a reduction of credit score requirements and an elimination of seasoning requirements for DSCR refinances.Read More
Short Takes: Bowman Confirmed in Fed Role / Pulte’s ‘Interesting’ Meetings / A&D Expands FHA Offerings / New Prime Non-Agency MBS June 5, 2025 Brandon Ivey The confirmation of Michelle Bowman as vice chair for supervision at the Fed could prompt the Fed to begin to make regulatory changes.Read More
Jumbo Share of Originations Increases in First Quarter June 4, 2025 Brandon Ivey An estimated $49.0 billion of non-agency jumbos were originated in the first quarter of 2025.Read More
Big Hopes for Non-QM, but Small Turnout for MBA Session June 2, 2025 Abby Zimmardi “If you look at the issuance of 2025, I think we are surpassing the biggest year ever in securitization," said A&D's CEO.Read More
Short Takes: UWM Offering FHA, VA ARMs / Provident Sending GSE-Eligible Mortgages to Non-Agency MBS / Chase Revives Higher-LTV-Ratio Jumbo MBS Shelf / Few Homebuyers May 29, 2025 Brandon Ivey ARMs accounted for less than 1% of total FHA originations in 2024.Read More
Short Takes: FHFA to Take Action on Credit Report Costs / Purchase-Mortgage Applications Increase Despite Headwinds / MISMO Model Backward Compatible / Prepayment Rates on Non-QMs Increase May 28, 2025 Brandon Ivey FHFA will make “some decisions” regarding credit score costs shortly, according to Bill Pulte.Read More
Rocket Upsizes Securitization of Closed-End Second Liens May 23, 2025 Brandon Ivey Upsizing typically indicates exceptionally strong demand for a securitization.Read More
Higher-Priced Lending Increases Somewhat in 2024 May 23, 2025 Brandon Ivey Higher-priced mortgages accounted for 2.4% of total originations tracked in HMDA in 2024.Read More
Correspondent Sales of Jumbo Mortgages Surge in 2024 May 22, 2025 Brandon Ivey Correspondent sales of non-agency jumbo mortgages increased by 62.3% on an annual basis in 2024.Read More
RSS