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
Short Takes: About That Net Worth Profit Sweep… / A Permanent Ginnie President? / LOs Tell the Fed: Loan Demand is Weaker / A Lack of Experienced Underwriters for Non-QMs / A New Loan Officer at Castle & Cooke February 6, 2019 Paul Muolo and Brandon Ivey Unless a change is made to the terms of their “bailout,” Fannie and Freddie will upstream most of what they earn to Treasury by the end of March...Read More
Nonbanks Amassed Large MBS Market Share in 2018 February 5, 2019 John Bancroft Over the same timeframe, agency MBS production by commercial banks, thrifts and credit unions fell 17.2 percent…Read More
NAR Calls for Release of FHA Condo Rules February 5, 2019 George Brooks NAR believes worthy borrowers for too long have been unable to purchase the home of their choice because of FHA’s restrictive condominium rules...Read More
Third-Party Producers Continue to Dominate in the FHA/VA Space February 4, 2019 John Bancroft Meanwhile, the wholesale-broker share of FHA/VA purchase lending inched up to 13.3% in 2018, a 40 bps upward wiggle…Read More
Ginnie Imposes Pooling Restrictions on loanDepot, Reinstates Freedom Mortgage January 31, 2019 George Brooks The pooling restriction on loanDepot is effective for Feb. 1, 2019...Read More
Plan Afoot to Reintroduce VA ‘Orphan’ Loan Legislation January 30, 2019 George Brooks The Protect Affordable Mortgages for Veterans Act of 2018 was passed by the House via a voice vote on Sept. 26 and then sent to the Senate, where it was stalled on a technicality.Read More
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