Trouble Ahead as 30-Day Delinquencies Rise on Agencies December 17, 2020 John Bancroft Although early-payment delinquency rates were up across the board, they remained significantly lower than six months ago.Read More
Ginnie Early Buyout Game Attracting More Than Issuer/Servicers December 15, 2020 Paul Muolo David Rosenblum, a partner in the firm, said Prophet has “an appetite for billions more.”Read More
Freddie Preps CRT Deal Following New Capital Requirements December 10, 2020 Brandon Ivey Fannie suspended CRT issuance earlier this year when the FHFA proposed new capital requirements for the GSEs. Freddie, though, stayed in... Read More
Biden Picks Rep. Fudge of Ohio to Lead HUD December 9, 2020 Paul Muolo First elected to Congress in 2008, the African-American legislator began her public career in the Cuyahoga County Prosecutor’s Office in Ohio. She is not a member of the House Financial Services Committee... Read More
Uncertainty About GSE CRT Issuance Persists Following FHFA’s Capital Rule December 2, 2020 Brandon Ivey The FHFA's capital requirements for the GSEs don't exactly favor CRT transactions but the Biden administration is expected to encourage the deals.Read More
With Refis Rolling, VA Production Edges Out FHA Once Again November 29, 2020 John Bancroft The top three VA originators in 3Q20: Freedom Mortgage, Quicken Loans and Veterans United Home Loans...Read More
An Auction is Set for Ginnie Mae EBOs November 25, 2020 Paul Muolo One veteran trader said he’s seeing “lots of smaller [EBO] pools” in the market...Read More
Annaly Increases Credit Investments November 19, 2020 Brandon Ivey Annaly issued $1.0 billion of non-agency MBS during the third quarter, depleting its whole-loan holdings...Read More
‘Dreamers’ and FHA Mortgages, A Clearer Picture? November 16, 2020 Maria Volkova During an oversight hearing on Capitol Hill in June, HUD Secretary Ben Carson denied that DACA recipients are banned from receiving FHA loans. Read More
Freddie’s CRT Issuance Booms as Fannie Sits Idle November 13, 2020 John Bancroft For its part, Fannie has stayed away from new CRT issuance other than some reinsurance transactions... Read More