The next big refinance wave in government lending may take a few months to fully hit the Ginnie Mae MBS market, but it's coming. (Includes four data charts.)
The non-mortgage ABS sector stood alone as the only market to post increased production in the first quarter, but activity came to a near standstill in March. (Includes three data charts.)
Fannie Mae and Freddie Mac purchased fewer loans with private MI coverage in the first quarter of 2020, although the market was up sharply from the same period last year. (Includes four data charts.)
Those top GSE volume states also accounted for $1.776 trillion of GSE single-family loans outstanding at the end of last year, 37.4% of the total market.
States with shelter-in-place orders accounted for 75% of the single-family home loans securitized by Fannie and Freddie last year, and 81% of jobless claims filed last week. (Includes data chart.)
Despite a modest gain in production volume, income from originations and secondary market fell from the third to the fourth quarter. But higher interest rates stabilized performance on the servicing side of the business. (Includes data chart.)