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RHS Suggests Manufactured Housing Program Revisions

August 31, 2023
James Dohnert
The U.S. Department of Agriculture’s Rural Housing Service is considering a new rule that would increase lending options for manufactured housing.
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Short Takes: Southern Bancorp Aims to Expand Retail Channel / Integro Bank Launches Mortgage Division / MBA’s Open Door Foundation Hits Milestone / CSS Hires New CTO

August 31, 2023
James Dohnert
Southern Bancorp adds new lending operations; Integro Bank launches mortgage division; MBA's Open Doors Foundation reaches new milestone; Common Securitization Solutions hires chief executive officer.
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GSE CRT Activity Jumps in Second Quarter

August 23, 2023
Dennis Hollier
The April-June period marked the second consecutive quarter in which Fannie Mae's CRT issuance exceeded Freddie Mac's, an unprecedented period of CRT dominance for Fannie.
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Differing Opinions on GSEs' Current Pricing Scheme

August 21, 2023
Dennis Hollier
In their commentary, NAR and UI focused much of their attention on the stiff capital requirements...
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Servicers, Government Agencies Respond to Maui Wildfires

August 18, 2023
Monica Hogan
According to early estimates by the office of Hawaii Gov. Josh Green, D, on the number of homes in Maui County that might have been impacted, 5,200 mortgages were owned by Freddie Mac, 9,800 by Fannie Mae and 2,400 by Ginnie Mae, including 1,300 FHA mortgages and 927 VA loans.
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PennyMac, UWM Lead on Primary MI Activity in 2Q

August 16, 2023
John Bancroft
PennyMac delivered $28.62 billion of mortgages with primary MI into agency MBS issued in the second quarter.
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Jury Awards GSE Shareholders $612 million

August 15, 2023
Dennis Hollier
A jury found that the Federal Housing Finance Agency violated its duty as conservator of the GSEs when it agreed to the net worth sweep in 2012.
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Uncertainty on Timeline of New Credit Score Models

August 11, 2023
Dennis Hollier
Industry wants more time to comply with new credit score requirements.
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Retail Channel Gains Share in Agency Market

August 10, 2023
Andras Malatinszky
The retail channel gained market share from brokers and correspondents in the second quarter.
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GSEs to Phase Out COVID Servicing Policies

August 10, 2023
Dennis Hollier
Most pandemic-era flexibilities regarding QRPC, forbearances and loan-modification plans will sunset Nov. 1.
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Latest Imf News

  • Subservicing Volume Down at Rocket, Cenlar in 2Q

  • Freddie Mac’s Mortgage Investment Portfolio Declines in August

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  • loanDepot Selling Scratch-and-Dent Loans in Non-Agency MBS

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Featured Data

  • Ginnie MBS Issuance Down in August as Refi Slide Continues

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  • Jumbo Share of Originations Highest Since 2022

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