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FHA/VA Refi Up in 1Q21, Purchase Activity Dives

April 7, 2021
John Bancroft

The culprit: a downturn in purchase-mortgage activity...


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FHFA OIG Finds Conflicts of Interest at Fannie...

April 6, 2021
Dennis Hollier

In 2017, the Inspector General found 57 instances, over a five-year period, of violations of the COI policy in place at the time. The wrongdoers: senior executive officers...


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Mortgages Backed by NOOs Hitting the Secondary Market and Not in a Good Way

April 5, 2021
Paul Muolo

RAMS: “Large, medium, and small originators are all in the same boat looking for new outlets for this product.”


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Wholesale CEO Criticizes GSE Limits on Investment Property Loan Purchases

April 5, 2021
Dennis Hollier

“Here’s what it means to you,” said the CEO. “You’re going to start seeing that second homes and investment homes might have loan-level price adjustments"...


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GSE Business Volume Rock Solid in 1Q21 but Off From Fourth Quarter

April 5, 2021
John Bancroft

The first quarter of 2021 still ranked as the second-highest quarterly volume for the two GSEs...


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Securitization Claims Higher Share of Mortgage Market

April 1, 2021
John Bancroft

Fun fact: Ginnie Mae regularly captures 95% or more of new FHA and VA loan production...


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Is the Waving of Appraisal Waivers Harmless?

March 31, 2021
Dennis Hollier

The benefits of a waiver are straightforward. Fannie said it speeds up the loan origination process...


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Flow Deal Could Net Buyer $1.2 Billion of MSRs

March 26, 2021
Paul Muolo

The MSR totals are based on February loan production by this particular seller...


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Fannie and Freddie Get a Downgrade: 'Underperform'

March 24, 2021
Dennis Hollier

Fannie and Freddie are earning a ton of money. But that isn't the problem...


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Headed in the Right Direction: Residential Forbearance. However…

March 23, 2021
Paul Muolo

“More than 11% of borrowers in forbearance have now exceeded the 12-month mark,” said Mike Fratantoni, MBA’s SVP and chief economist. “We anticipate that servicers will be busy over the next month"...


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