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Inside MBS & ABS

December 2, 2021

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Agency MBS Nears Pandemic Low in November

All three agencies saw new MBS issuance slow in November, though Ginnie held up slightly better. Both purchase-mortgage and refinance activity were down. (Includes two data charts.) Read More

Home Point Cites ‘Scale’ in Exit from Ginnie Servicing

The Ginnie Mae issuer market is dominated by nonbanks but at least one issuer/servicer is heading for the hills: Home Point. Read More

United Wholesale Using Varied Delivery Options in Non-Agency MBS

UWM has its own non-agency MBS shelf, allowing the lender/servicer to directly issue deals. However, the company continues to contribute mortgages to non-agency MBS issued by others. Read More

Due Diligence Behemoth SitusAMC Rumored for Sale

Roughly two years ago, a Canadian pension fund bought into SitusAMC. Now, rumors are circulating the entire firm might be up for grabs. Read More

Servicers Urge Ginnie to Lift RPL Pooling Restrictions

The Mortgage Bankers Association and the Housing Policy Council are calling on Ginnie Mae to end temporary pooling restrictions imposed on reperforming loans during the pandemic. Read More

Federal Reserve to Consider Speeding Up MBS Taper

Federal Reserve Chair Jerome Powell says inflation has been high enough long enough to warrant a quicker reduction in the central bank’s MBS purchases. Time for mortgage bankers to worry? Read More

GSEs Continue to Shed Nonperforming Loans

The latest NPL sales at Fannie and Freddie add to the more than 130,000 of these loans they’ve unloaded from their portfolios since 2014. Read More

Grapevine: A Shift in Deemed-Issuance Ratio; BWIC Standardization

Fannie’s deemed-issuance ratio for 2022 dropped as the government-sponsored enterprise accounted for a lower share of deliveries to UMBS; MISMO is working to standardize the bid-wanted in competition dataset format. Read More

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