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
Primary MI Sets New Highs in 3Q20 Mortgage Boom November 12, 2020 John Bancroft The refinance business for private MIs fell 11.0% from the second to the third quarter, dropping to 30.6% of their production. Still, that’s well above historic norms... Read More
Short Takes: Mortgage Insurance Heaven / Strong NIW from MGIC and Radian / Genworth’s Sale is Still a Go / The Election and What It Means for the Financial Sector November 5, 2020 Paul Muolo With their COVID-related charges in the rearview mirror, the mortgage insurance sector came roaring back...Read More
Ginnie Buyouts Spike at Mr. Cooper. More on the Way? November 2, 2020 Paul Muolo Ginnie buyouts of delinquent mortgages are a common practice – but it takes readily available cash, or a line of credit... Read More
Losing Market Share Once Again: The FHA Program October 29, 2020 John Bancroft The FHA share of the insured agency market fell to 22.7%, down from 23.5% in the second quarter and 28.8% a year ago. Read More
DOJ Unveils Guild FHA Legal Settlement October 23, 2020 In settling with the FHA charges with government, Guild did not admit liability... Read More
RSS