Prime Non-Agency MBS Issuers Return to the Market July 10, 2025 Brandon Ivey PennyMac and Redwood Trust are marketing separate prime non-agency MBS, the first deals in the market since June 24.Read More
Saluda Grade Packages HELOCs in Securitization July 10, 2025 Brandon Ivey HomeBridge Financial Services is the largest contributor to the securitization, accounting for 49.9% of the dollar volume.Read More
Short Takes: FDIC Plans CRA Proposal / Home Sales Expected to Remain Constrained / Agency MBS-Focused REIT Takes Loss in 2Q / Morgan Stanley’s Latest Non-Agency MBS July 10, 2025 Brandon Ivey It’s not yet clear what’s in the FDIC's pending CRA proposal or if the other federal banking regulators are planning similar proposals.Read More
Mortgage Industry Cheers Tax Breaks in Megabill July 10, 2025 Brandon Ivey The One Big Beautiful Bill included a plethora of tax breaks for individuals and businesses. The bill also sharply reduced the CFPB’s budget.Read More
Maryland Bank to Acquire Mortgage Broker Shop July 9, 2025 Brandon Ivey The Bank of Glen Burnie will pay $750,000 along with sharing profits for three years and an origination-based add-on.Read More
Short Takes: FICO’s Reaction / Applications Increase / FHA Foreclosure Moratorium in Texas County / Fannie Selling NPLs / Still Retiring From PulteGroup July 9, 2025 Dennis Hollier and Brandon Ivey FICO's stock price took a hit after the FHFA announced that the GSEs will immediately accept VantageScore 4.0.Read More
Government-Insured Purchase Mortgages Outpace Competition July 8, 2025 Brandon Ivey FHA purchase-mortgage business in Ginnie Mae MBS hit $54.47 billion in the second quarter of 2025.Read More
Prices for New Homes Declining at Accelerated Rate July 8, 2025 Brandon Ivey To help combat a decline in demand for new homes, homebuilders have reduced building activity to some extent and leaned on incentives such as mortgage buydowns.Read More
Mortgage Locks Tick Up in June With Refi Push July 8, 2025 Brandon Ivey Locks were up 2.0% from May.Read More
Short Takes: Employment on Shaky Ground / U.S. Citizen Share of Mortgage Lending Rising / Home Sales Slowing / New Wholesale Option for RTLs July 8, 2025 Brandon Ivey Some 29% of households surveyed by Fannie Mae in June said they were concerned about potentially losing their jobs, up from a 22% share in May.Read More