Ginnie Eyes Resources to Support Loan-Level Issuance October 16, 2024 Monica Hogan Ginnie Mae Acting President Sam Valverde said loan-level securitization could help liquidity.Read More
Wells Fargo’s Cuts to Mortgage Staff Level Off October 14, 2024 Brandon Ivey Wells originated $5.5 billion of mortgages through the retail channel in the third quarter of 2024, down 14.1% from the third quarter of 2023.Read More
Short Takes: Radian Back With Jumbo MBS / Refi Share at Wells / PHH Servicer Ratings Affirmed / New Issuer of Home Improvement ABS October 14, 2024 Brandon Ivey An affiliate of Radian Group is marketing its second jumbo MBS.Read More
Agency Servicing Tops $9.0 Trillion in Third Quarter October 11, 2024 John Bancroft Total servicing tied to agency single-family mortgage-backed securities rose to $9.004 trillion as of the end of September.Read More
Short Takes: Still No Capital Re-Proposal / Winner of NPL Auction / Compliance Dataset From MISMO / NYMT Back With IPL MBS October 11, 2024 Brandon Ivey No indication yet from federal regulators on when a planned re-proposal of capital requirements for large banks will be issued.Read More
Foreclosures Decline in Third Quarter; Many Alternatives October 10, 2024 Brandon Ivey Foreclosure activity declined by 2% in the third quarter of 2024 compared with the previous quarter.Read More
Trended Credit Data Offers New Insights on MBS Performance October 10, 2024 Monica Hogan Andrew Davidson & Co. used data on credit use, balance and payment across time and multiple loan types to garner a comprehensive view of consumer financial behavior.Read More
Short Takes: Projecting Impact of Hurricane Milton / Pending Home Sales Tick Up / Discount on Non-Agency Refis / Distillery Acquires Mortgage Tech Provider October 10, 2024 Brandon Ivey Damage costs from Hurricane Milton could affect insurance underwriting margins and earnings.Read More
Short Takes: Application Trends Split / Arvest Bank’s Servicer Rating Downgraded / HEL Securitizations / MBS From Angel Oak October 9, 2024 Brandon Ivey Demand for refis declined last week while applications for purchase mortgages held steady.Read More
MBS Investors Protected as Non-QM Delinquencies Rise October 4, 2024 Paul Muolo Even with elevated levels of delinquencies, MBS investors are protected due to credit enhancement and low loan-to-value ratios.Read More