HECM Production Slowed by Government Closure March 4, 2019 George Brooks The HECM carnage was widespread…Read More
Short Takes: Pondering the Letter Sent to Joseph Otting / Among the Signors… / More MSR Auctions in the Works / MetLife Has a Nice War Chest of Whole Loans / A New Hire at Gateway Mortgage March 4, 2019 Paul Muolo, Brandon Ivey, and George Brooks More servicing-related auctions are in the pipeline, including a $2.97 billion Fannie Mae/Freddie Mac portfolio from Phoenix Capital...Read More
Banks Stock Up on Fannie/Freddie MBS as 2018 Ends February 22, 2019 John Bancroft The biggest increase in held-to-maturity and available-for-sale accounts was in agency pass-through securities…Read More
Weak 4Q Purchase Lending Shrinks FHA/VA Output February 20, 2019 George Brooks Among the top-15 FHA direct lenders in 2018, not one was a bank...Read More
IMA Offers Up an $11.9 Billion Fannie/Ginnie MSR Package February 20, 2019 Paul Muolo Roughly 21% of the receivables are in California…Read More
SIFMA Wants Changes to VA Cash-Out Interim Rule February 19, 2019 George Brooks SIFMA noted that while Ginnie’s actions to curb abusive refinancing have been helpful, they have not solved the problem…Read More
Mortgage Securitization Rates Steady in 2018, Non-Agency Rising February 15, 2019 John Bancroft The Ginnie securitization rate hit 100.2%, but timing issues were involved…Read More
Ginnie Mae Approved Only 8 New Issuers in 2018 February 13, 2019 George Brooks Nonbanks comprise 61% of approved servicers of Ginnie’s $2.04 trillion portfolio…Read More
Agency MBS Production Fell Modestly in January February 8, 2019 John Bancroft It was the lowest combined output for the three agencies since February 2016, when just $80.49 billion of new MBS were issued.Read More
Nonbanks Dominate in Bulk MSR Sales, A Stunning Reversal for Ginnie Transfers February 6, 2019 Paul Muolo In years past, Ginnie MSR sales have lagged because of concerns tied to agency acknowledgement agreements…Read More