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Despite the Pandemic, First-Time Homebuyers Remain a Force

June 11, 2020
John Bancroft

The flow of first-time buyer loans was up 20.0% from the first five months of 2019...


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The GSEs’ ‘Re-IPO,’ Not Exactly a Slam Dunk

June 8, 2020
Dennis Hollier

To some, the rule's $243 billion minimum leverage capital requirement means the GSEs can’t generate enough profits to attract investors...


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The MBS Records Keep Coming. YTD Issuance at a Stunning $963 Billion

June 5, 2020
Paul Muolo

All three agencies recorded declining purchase-mortgage volume...


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Short Takes: When Unemployment Feeds Forbearance / More on Freddie’s New CFO / Freedom’s MSR Financing Line / Impac’s New Subsidiary / Moving Back a Convention

June 4, 2020
Paul Muolo

The new unemployment report from Uncle Sam is out Friday morning. It will not be pretty...


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The Refi Tally for 1Q20 More Than Triples to $403 Billion

June 4, 2020
John Bancroft

But the first quarter was just a prelude to the crescendo of refinance activity in April and May. A whopping $323.4 billion of refi loans were securitized by the GSEs and Ginnie during the past two months...


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MBA’s Reading on Ginnie Forbearance Inches Closer to 12%

June 1, 2020
Paul Muolo

Black Knight estimates that based on its reading of May 26, MBS servicers need to advance $3.6 billion a month to investors in government MBS on forborne loans and an additional $1.5 billion for real estate taxes and insurance.


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Corporate Landlord IH Reports Strong Rent Collections, High Occupancy Rates

June 1, 2020
Paul Muolo

Originally grubstaked by Wall Street and once the recipient of a large loan from Fannie Mae, the REIT saw the average occupancy rate of its SF units increase to a record-high 97.5%...


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Short Takes: Anxious About the Self-Employed? / Two Bank Statements Required / A Very Fortunate Industry? / When A Borrower Loses Their Job / The SOFR Playbook

May 29, 2020
Paul Muolo and Dennis Hollier

How worried should lenders be about the self-employed and small business owners?


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Senate Democrats Query FHFA and CFPB on COVID-19 Forbearance

May 29, 2020

The senators write: “The CFPB and FHFA must also have plans to use their respective tools and authorities to immediately address trends that indicate borrowers are receiving inaccurate information or unequal treatment, or that servicers are not complying with the law.”


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Fannie Secures Front-End CIRT on $40 Billion in SF Loans

May 28, 2020
Dennis Hollier

Fannie said 20 companies participated in the CIRT transaction...


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