Delinquencies on Agency MBS Decline in First Quarter April 24, 2024 Namrata Bhatia The overall delinquency rate across all three agencies declined 36 basis points in the first quarter to 2.78%.Read More
Nonbanks Gain More Share of GSE Servicing in First Quarter April 23, 2024 Brandon Ivey Mr. Cooper Group, the largest nonbank GSE servicer and second-largest GSE servicer overall, increased its portfolio by 8.6% during the first quarter.Read More
Climate Risks for Lenders Seen as ‘Manageable’ April 22, 2024 Dennis Hollier Sam Khater, chief economist at Freddie Mac, described the issue as “urgent, but manageable,” an opinion shared by others at the conference hosted by Americatalyst.Read More
Loans With Primary MI Gain Share in First Quarter April 19, 2024 John Bancroft The share of mortgages with primary MI increased by 2.1% in the first quarter, based on agency MBS issuance.Read More
Thompson Pressed on Title Pilot at Hearing April 19, 2024 Dennis Hollier The decision to revive the pilot came just days before President Biden’s State of the Union address.Read More
Short Takes: Bank Expands Mortgage Efforts / AAA Ratings for the GSEs / Home Sales Decline / Small M&A Deal April 19, 2024 Brandon Ivey “We believe mortgage banking will provide additional service to our customers and eventually contribute to our profitability,” Bank OZK said.Read More
FHFA’s Title Pilot Won’t Be Nationwide April 18, 2024 Brandon Ivey The pilot will only be available "in a handful of states."Read More
Special Purpose Credit Program Mortgages a Fraction of GSE Business April 18, 2024 Brandon Ivey FHFA’s report disclosed special purpose credit program activity at the GSEs based on loan count rather than dollar volume.Read More
Freddie Asks for Permission to Acquire Second Liens April 17, 2024 Dennis Hollier Because this would technically be a new product, it’s subject to FHFA approval and requires a 30-day public notice period.Read More
Better Works With Fannie to Remain Eligible to Sell Loans April 17, 2024 Paul Muolo Better couldn’t meet Fannie’s financial eligibility requirements due to a “decline in profitability and material decline in net worth.”Read More