GNMA MBS Production Down Sharply in February March 18, 2019 John Bancroft Much of the reduced refi business resulted from a 14.8% drop in cash-out transactions...Read More
Short Takes: A New Wave of Optimism? / Value Your CFO / Feds Plan Community Hearings on BB&T-SunTrust Deal / MFA Buying Plenty of Whole Loans. Can An MBS Be Next? / Former HUD Official Pam Patenaude Lands March 18, 2019 Paul Muolo Mortgage REIT MFA Financial, New York, bought roughly $1 billion worth of loans during the fourth quarter...Read More
REITs Add to Agency MBS Holdings, Non-Agency Down March 15, 2019 John Bancroft Agency securities accounted for $26.4 billion of the growth in REIT MBS holdings over the course of the year…Read More
Buyouts from Ginnie Mae MBS Boost Supply of NPLs March 15, 2019 Brandon Ivey According to market watchers like Peter Barkey of Roosevelt Management, there are about $4 billion in Ginnie buyouts per month…Read More
Freddie Mac’s MBS Business Rebounds in February March 13, 2019 John Bancroft Fannie Mae saw its monthly MBS output decline by 18.1% from January…Read More
Phoenix Capital and MIAC Unveil New MSR Auctions March 13, 2019 Paul Muolo MIAC is also ready to take final bids on a $315.3 million Fannie/Freddie/Ginnie Mae MSR portfolio…Read More
Short Takes: More Non-QM MBS Deals on the Way / What’s Ginnie Mae Really Worried About? / A Big ‘Nothing Burger’? / What Borrowers Want When They Shop Online for a Mortgage / Amherst’s Appetite for SFR / A New Hire for Incenter March 13, 2019 Paul Muolo Another official described the Ginnie Mae change as a “nothing burger…”Read More
Trump Wants to Slash HUD’s Budget by 16%, but Allows for FHA ‘Tax’ to Upgrade IT March 12, 2019 Paul Muolo The Trump White House wants to impose a fee on FHA lending to raise the money...Read More
Monthly Agency MBS Production Falls to Level Last Seen in 2014 March 8, 2019 John Bancroft Fannie Mae, Freddie Mac and Ginnie Mae generated only $69.97 billion of single-family MBS in February.Read More
Ginnie Mae to Increase Servicing Spread Requirements for Single-Family MBS March 8, 2019 George Brooks Starting March 1, 2020, issuers will be required to have and maintain, at all times, a weighted average servicing spread of at least 25 basis points for their forward, fixed-rate single-family Ginnie portfolio.Read More
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