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Short Takes: Sales of New Homes Slow / HUD Headquarters to Move / Pulte and Crypto

June 26, 2025
Brandon Ivey and Dennis Hollier
Sales of new single-family homes declined by 13.7% on a monthly basis in May.
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Servicing Levels Rising for Mortgages at Ginnie, Nonbanks

June 20, 2025
Brandon Ivey
The largest servicing gains in the past year were in servicing for Ginnie Mae, whole loans at nonbanks and in non-agency mortgage-backed securities.
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A&D Continuing Flagstar Correspondent Unit’s FHA Offerings

June 16, 2025
Emmeline Willey
A&D recently acquired the unit from Mr. Cooper Group.
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Short Takes: Ginnie Offers New Avenue on Buydowns / Democrats Frustrated With Fed’s Removal of Asset Cap on Wells / Large Expanded-Credit MBS From Ares / eHELOC Standard

June 6, 2025
Brandon Ivey
Beginning June 16, custom single-family pools in the Ginnie II program won’t be subject to the 10% concentration limit on mortgages with buydowns.
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VA Denial Rate Declines Amid Surge in Applications

June 5, 2025
Emmeline Willey
Lenders turned down 24.5% of VA refi applications in 2024, compared with 37.3% in the previous year.
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Short Takes: Bowman Confirmed in Fed Role / Pulte’s ‘Interesting’ Meetings / A&D Expands FHA Offerings / New Prime Non-Agency MBS

June 5, 2025
Brandon Ivey
The confirmation of Michelle Bowman as vice chair for supervision at the Fed could prompt the Fed to begin to make regulatory changes.
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Ginnie, FHA Officials Eye Rising FHA Delinquencies

June 3, 2025
Emmeline Willey
Delinquencies on FHA mortgages have crept higher since recovering from the pandemic.
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Short Takes: UWM Offering FHA, VA ARMs / Provident Sending GSE-Eligible Mortgages to Non-Agency MBS / Chase Revives Higher-LTV-Ratio Jumbo MBS Shelf / Few Homebuyers

May 29, 2025
Brandon Ivey
ARMs accounted for less than 1% of total FHA originations in 2024.
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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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Latest Imf News

  • Broker Share of Originations Ticks Up in Third Quarter

  • FHA Proposes Raising Draw Limits on Rehabilitation Loans

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Featured Data

  • Nonbanks Post Small Drop in Mortgage-Banking Income

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  • Lending Slows Across Products in Third Quarter

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Featured Reports

  • GSE Repurchase Activity: Cumulative to Second Quarter 2025 (PDF Format)

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  • IMF HMDA Dashboard: 2024

  • Lender Profiles 2Q25: Top 25 (PDF)

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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