Underwriting on Fannie/Freddie Loans Tightens in 3Q23 October 30, 2023 Brandon Ivey Underwriting trends largely held steady for refis in the third quarter...Read More
Buyback Relief From FHFA Might Not Amount to Much October 26, 2023 Dennis Hollier Fannie Mae was still providing COVID relief to $61.98 billion in loans at the end of the third quarter.Read More
Short Takes: VantageScore Finds New Mortgage Borrowers / Increase in Home Sales Could Be a Blip / Applicants Seeking Lower Loan Amounts / Expanded-Credit MBS From Annaly October 26, 2023 Brandon Ivey VantgeScore suggests that many consumers characterized as "dormant" are actually infrequent users of credit.Read More
GSE Shareholders Get Another Win October 25, 2023 Dennis Hollier A federal district court adds interest to the damages a jury awarded Fannie Mae shareholders in August.Read More
Short Takes: In (GSE) MBS We Trust / The 10-Year / Coming Soon: A Bond Market Rally? / The State of Warehouse Finance? / FHA’s HECM Tweaks October 23, 2023 Paul Muolo Time to bet on bonds? Now, let us pray...Read More
Primary MI Activity Down at GSEs, Up at FHA in 3Q October 20, 2023 John Bancroft GSE securitization of mortgages with private MI declined in the third quarter while FHA activity increased.Read More
Lender Trade Groups Seek Changes at Fed October 20, 2023 Dennis Hollier The Fed should change its ways to help reduce interest rates on mortgages, according to industry trade groups.Read More
Delinquencies Increase in Agency Market October 19, 2023 Brandon Ivey The total delinquency rate on mortgages in agency MBS stood at 2.83% as of the end of September, up from 2.60% at the end of June.Read More
Smaller Lenders Gain Some GSE Market Share October 18, 2023 Dennis Hollier Small to mid-sized nonbanks accounted for 24.7% of GSE business in the third quarter, up from a 23.1% share in the second quarter.Read More
FHFA Yields to Industry Criticism on Buyback Requests October 17, 2023 Dennis Hollier FHFA will direct the enterprises to treat loans with COVID-19 forbearance like those impacted by a natural disaster. Fannie and Freddie will also do a better job explaining buyback requirements.Read More