Prime Non-Agency MBS Issuance Spikes in First Quarter May 14, 2024 James Dohnert Issuance of prime non-agency MBS in the first quarter of 2024 was driven by jumbo mortgages, though volume involving GSE-eligible mortgages also increased.Read More
Another Loss for Better; Lender Sees Traction on HELOCs May 14, 2024 Paul Muolo Better's gain-on-sale margin improved to 237 basis points in 1Q24 from 203 bps for all of 2023...Read More
HUD Seeks Additional Funds for Affordable Housing May 14, 2024 Monica Hogan The funding request includes $81.3 billion for HUD programs to increase the housing supply and lower homeownership costs.Read More
Rocket’s Securitization of Second Liens Humming Along May 14, 2024 Brandon Ivey It’s the fourth securitization of seconds from the nonbank this year.Read More
Short Takes: HPA Expected to Slow / Locks for Purchase Mortgages Increase / Rocket Settles With HUD on Fair Lending / First-Generation Homebuyer Product May 14, 2024 Brandon Ivey Home price appreciation in 2024 is expected to be well below the 5.5% annual appreciation seen in 2023, according to Fitch Ratings.Read More
FSOC Report on Nonbanks: Trouble for Smaller Servicers? May 13, 2024 Namrata Bhatia During the COVID crisis, Ginnie's PTAP program was not widely used by nonbanks...Read More
Megabank Unloads a Large Chunk of MSRs. Size: $12B-$15B May 13, 2024 Paul Muolo At March 31, U.S. Bank owned $347.7 billion of MSRs, ranking ninth among all servicing owners.Read More
Non-Agency CMBS Surges in 1Q, But Agency MF Lags May 13, 2024 John Bancroft A big part of the gain in issuance came from deals backed by industrial properties...Read More
Struggling Better.com Hires Former Caliber Executive as New President May 13, 2024 Paul Muolo Smith's resume includes stints at Caliber Home Loans and Mission Loans...Read More
Short Takes: A Pickup in MSR Auctions / A Tale of Two GOS / What If… / CRE Update / A Nice Pay Raise for Blend Chief Ghamsari May 13, 2024 Paul Muolo In the first quarter, Guild did not disappoint, posting a GOS of 364 basis points...Read More