The deal between Genworth Financial and China Oceanwide was extended for the 13th time in December. Genworth warned that if the deal fails, its U.S. private MI unit could face difficulties.
First-lien holdings increased in the third quarter but Chase stood out among big banks as it sold mortgages and acquired MBS. First Republic slowed its mortgage sales and boosted its portfolio. (Includes data chart.)
A non-agency MBS from Provident suggests better execution for GSE-eligible mortgages in the non-agency market. But analysts don’t expect a flood of non-agency MBS with GSE-eligible loans.