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Primary MI Covers Higher Share of 3Q21 Agency Loans

October 14, 2021
John Bancroft
Fannie, Freddie and Ginnie securitized $345.72 billion of loans with some form of primary MI during the third quarter, an 8.3% drop from the previous period.
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HECMs Continue to Gain

September 29, 2021
Monica Hogan
While most top-ranked lenders saw aggressive growth in home-equity conversion mortgages during 2Q21, others experienced a slowdown...
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Retail (FHA/VA) Holds Up Slightly Better in 2Q21 Slump

September 27, 2021
John Bancroft
Freedom Mortgage was the top retail government lender in the first half of 2021...
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Short Takes: Freddie Details Appraisal Bias / Results from Genworth’s IPO / Rocket’s Debt Offering / FoA’s MBS

September 21, 2021
Brandon Ivey
Freddie Mac's analysis on appraisal bias was based on 12 million appraisals spanning 2015 through 2020.
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FHFA Proposal Could Revitalize GSE CRT Deals

September 17, 2021
Brandon Ivey
The alterations unveiled by the Federal Housing Finance Agency touch on the prescribed leverage buffer and the capital treatment of CRT transactions.
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Genworth Spins Off Enact PMI Unit in $253 Million IPO

September 16, 2021
Monica Hogan
The lead book-running managers on the IPO were Goldman Sachs and JPMorgan Securities...
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FCA FHA Battle Avoided in Fight Over Infrastructure Bill?

August 13, 2021
Dennis Hollier
In the mortgage industry, the FCA has been used by the Department of Justice and Department of Housing and Urban Development to punish FHA lenders for sloppy underwriting practices that led to defaults.
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Private MI, FHA Market Shares Rebound in Second Quarter

August 12, 2021
John Bancroft
Credit losses at the private mortgage insurers fell 47.5% from 1Q21 to 2Q21...
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Early-Stage Defaults up in 2Q21, FHA Servicing Down

August 2, 2021
John Bancroft
The number of Ginnie loans one-payment past due jumped 17.3% from March to June, pushing the delinquency rate for the category to 2.06%. That compared favorably to a 3.60% 30-day delinquency rate two years ago.
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MI Sector Benefits from Strong Purchase Activity in 2Q21

July 22, 2021
John Bancroft
Sales of conventional loans with private MI to Fannie Mae and Freddie Mac recorded a bigger 10.3% increase from the first quarter.
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