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Banks Slow Jumbo Lending in First Quarter

May 28, 2024
James Dohnert
The jumbo market’s share of first-lien production narrowed to 11.1% in the first quarter from 12.4% in the fourth quarter.
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Short Takes: FHFA Looks at Emissions From Houses / HEI Securitization From Unison / Upgrades for HEL Securitizations

May 28, 2024
Brandon Ivey
A working paper from the FHFA used data from appraisals to estimate energy usage across time.
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Short Takes: Mortgage Performance Improves / New Cyberattack Reporting Requirements / Positive Outlook for Acra / GSE-Eligible IPLs in Non-Agency MBS

May 24, 2024
Brandon Ivey
The 30+ day delinquency rate stood at 3.09% at the end of April.
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Freddie Faces Opposition on Second-Lien Proposal

May 23, 2024
Brandon Ivey
Those opposed include the American Bankers Association, the Housing Policy Council, the Securities Industry and Financial Markets Association, the Structured Finance Association and U.S. Mortgage Insurers.
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Short Takes: Home Sales Slow / Home Price Outlook / Freddie Offers New Feature on Seasoned Loan Securitization / RTL Securitization From NYMT

May 23, 2024
Brandon Ivey
Sales of existing homes declined by 1.9% on a monthly basis in April.
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Non-QMs Seen as Key to Propping Up Originations

May 22, 2024
Dennis Hollier
Debt service coverage ratio mortgages qualify borrowers based on rental income rather than the traditional debt-to-income ratio metric used by the GSEs.
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Short Takes: Refi Demand Increases / Rate Cut Expected in September / Broker Offers 100% of Commission Splits / WaMu Loans in New MBS

May 22, 2024
Brandon Ivey
“Purchase activity continues to lag despite this recent decline in rates,” said Joel Kan, a vice president and deputy chief economist at the MBA.
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Short Takes: Fudge Lands at Law Firm / CrossCountry Offers Death Benefit / HELOC Securitization From Figure / PIMCO Wins RPL Auction by Fannie

May 17, 2024
Brandon Ivey
Marcia Fudge is now a partner and chair of public policy at Taft, a law firm.
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Home Equity Investment Securitization on the Rise

May 16, 2024
James Dohnert
About a dozen firms currently originate HEIs in more than 30 states, according to Morningstar DBRS.
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Short Takes: No Decision on Capital Requirements / New Version of VantageScore / Advisory M&A / More Expanded-Credit MBS

May 16, 2024
Brandon Ivey
Federal banking regulators are still grappling with whether to re-propose a rule on capital requirements for large banks or to move on to a final rule.
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