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Short Takes: Refi Demand Increases / Rate Cut Expected in September / Broker Offers 100% of Commission Splits / WaMu Loans in New MBS

May 22, 2024
Brandon Ivey
“Purchase activity continues to lag despite this recent decline in rates,” said Joel Kan, a vice president and deputy chief economist at the MBA.
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Short Takes: FHA Increases Allowable Fee for Assumptions / Ginnie Requires Plans From Large Nonbanks / New CRT From Fannie / FDIC Chair to Resign

May 21, 2024
Brandon Ivey
The allowable fee lenders/servicers can charge for assumptions of FHA mortgages is now $1,800.
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Short Takes: Fudge Lands at Law Firm / CrossCountry Offers Death Benefit / HELOC Securitization From Figure / PIMCO Wins RPL Auction by Fannie

May 17, 2024
Brandon Ivey
Marcia Fudge is now a partner and chair of public policy at Taft, a law firm.
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Fannie, Freddie Earnings Impacted by Interest Rates

May 9, 2024
Dennis Hollier
Fannie and Freddie are facing portfolio losses due to the mortgage market.
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Short Takes: Fannie Offers Direct Calculation for Self-Employment Income / New CES Issuer / Another Loss for Blend / Freddie Offers CRT

May 9, 2024
Brandon Ivey
To this point, access to Fannie's income-calculation tool was only available through third parties.
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Short Takes: GSEs Revise Guides / Purchase-Mortgage Lending Increases at Zillow / Fairway Touts LO Recruits / Annaly Fast With MBS

May 2, 2024
Brandon Ivey
The GSEs established a formal definition for mortgages to first-generation homebuyers.
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Fannie Increases Profits Despite Decline in Acquisitions

April 30, 2024
Dennis Hollier
Acquisitions may be the lowest they've been since the 3Q20, but accounting rules keep earnings on an even keel.
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FHFA Final Rule Codifies Equitable Housing Finance Plans

April 30, 2024
Dennis Hollier
FHFA turns the equitable housing finance plans of the GSEs and other agency-directed fair housing activities into regulations.
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Short Takes: Fannie Revises Originations Outlook Upward / Former Head of Correspondent Lending at Wells Lands at Mr. Cooper / DPA From loanDepot / CrossCountry Financing Energy Efficiency

April 23, 2024
Brandon Ivey
Economists at Fannie increased their projections for originations, citing "our more optimistic home price growth expectation and somewhat lower mortgage rate path, along with an upgraded expectation for home sales."
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Loans With Primary MI Gain Share in First Quarter

April 19, 2024
John Bancroft
The share of mortgages with primary MI increased by 2.1% in the first quarter, based on agency MBS issuance.
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Latest Imf News

  • Purchase-Mortgage and Refi Volume Diverge in Second Quarter

  • Losses Increase at Homebuilder Hovnanian Enterprises

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Featured Data

  • GSEs Deliver Consistent Profits; No Closer to Solvency

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