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Short Takes: CRT From Freddie / FHA Turns to AI / Point Boosts HEI Securitization / PRMG Partners on Credit Card

May 13, 2025
Brandon Ivey
Freddie Mac is marketing a $529.00 million CRT deal.
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MBS Investors Seek Further Buydown Limitations From Ginnie

May 9, 2025
Emmeline Willey
Ginnie MBS investors continue to have concerns about mortgages with permanent buydowns.
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Loan Removals From Ginnie MBS Slow in First Quarter

May 8, 2025
Emmeline Willey
Removal activity had increased in each of the previous four quarters.
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Trump Admin Makes Sweeping Changes to FHA Loss-Mit

April 16, 2025
Emmeline Willey
FHA’s COVID-19 loss-mitigation options will be rescinded and the Trump administration is taking a close look at the payment supplement program established during the Biden administration.
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HECM Endorsements Decline in 2024

April 10, 2025
Brandon Ivey
HECM endorsements declined by 8.6% on an annual basis in 2024.
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Turner: HUD ‘Taking Inventory of Every Program’

April 9, 2025
Emmeline Willey
Among a series of sports analogies, Scott Turner, a former player in the NFL, said that HUD and the mortgage industry would need to “huddle” to solve the housing affordability crisis.
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Short Takes: Workforce Reduction at FHFA / Applications Jump, Temporarily / FHA Extends Hurricane Foreclosure Moratorium / Prime Non-Agency MBS From Redwood

April 9, 2025
Brandon Ivey
“We’re consolidating divisions to focus on building more homes and strengthening safety and soundness,” said FHFA Director Bill Pulte.
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HUD Employees Face Uncertain Future

April 8, 2025
Emmeline Willey
Calls to HUD field offices redirected to a national hotline. A HUD spokesperson said there were no closures.
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Short Takes: Negative Outlook for Housing Market / FHA Waives EPD Reviews in CA Wildfire Area / Carrington’s Correspondent Lending All-In on Non-QMs

April 2, 2025
Brandon Ivey
“Tariffs and labor concerns contribute to our forecasts for flat to declining housing starts and completions in 2025 relative to 2024,” Fitch said.
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Correspondents Regain FHA/VA Market Share in 4Q

March 28, 2025
Andras Malatinszky
Correspondent production made up 46.1% of the group’s government-insured volume in the fourth quarter.
Read More
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