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Refi Volume Ramps Up in Agency MBS Market

September 12, 2024
John Bancroft
Purchase-money mortgages accounted for 82.5% of agency MBS issuance during August, though the refinance share is growing.
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Lenders Advised to Work on GSE Credit Score Transition

September 12, 2024
Dennis Hollier
Previous industry changes — the Uniform Mortgage Data Program, the single security initiative and the transition away from the London Interbank Offered Rate — took longer than expected to put into place and caught some stakeholders flat-footed.
Read More

Fannie Mae Renews Lease on DC Headquarters, Nixes Plan to Move

August 29, 2024
Dennis Hollier
While the GSE said in January that it planned to move its headquarters five years ahead of schedule, it will now remain in the property, but only occupy about half as much space.
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FHFA Proposes New Housing Goals for GSEs

August 23, 2024
Dennis Hollier
High interest rates and low supply continue to affect the availability of the affordable homes required to fulfill the GSEs' housing goals.
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GSEs Update PMIERs, Private MIs Ready for Changes

August 22, 2024
Dennis Hollier
PMIs say the tougher available assets standards won't impact their eligibility as approved insurers.
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GSE CRT Issuance Declines in Second Quarter

August 21, 2024
Dennis Hollier
Fannie Mae and Freddie Mac issued a combined $2.34 billion in CRT securities, excluding reinsurance deals, in the second quarter. That was down 18.0% from the first quarter.
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IG Finds Major Holes in FHFA's IT System

August 14, 2024
Dennis Hollier
Loose IT security controls could have made it possible for a malicious employee, or an external party with access to that employee's account, to gain full control of the FHFA network.
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Short Takes: ‘Magical’ Number for Interest Rates / Some Home Price Depreciation / Fannie Selling RPLs / Loss for Fix-and-Flip Lender

August 14, 2024
Brandon Ivey
It's hard to pin down the "magical" number for interest rates that will unlock the housing market, according to the CEO of The Home Depot.
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Ginnie Volume Drives Up Agency MBS in July

August 13, 2024
John Bancroft
Ginnie MBS issuance increased by 8.3% on a monthly basis in July while GSE volume declined somewhat.
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GSEs’ Mortgage Portfolios Increase in Second Quarter

August 6, 2024
Dennis Hollier
Holdings of both mortgage-backed securities and mortgages rose in the quarter, with MBS totals up 5.9% and mortgages up 4.1%.
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