Delinquencies on Securitized Non-QMs Rise Again January 2, 2025 Brandon Ivey The increase in November was tied to hurricanes, though impairments have increased for seven consecutive months.Read More
Shellpoint Tops Non-Agency MBS Servicers in Third Quarter January 2, 2025 James Dohnert Shellpoint handled $6.70 billion of servicing of non-agency MBS issued during the third quarter.Read More
Short Takes: Annaly off to Quick Start With MBS in 2025 / Outsourcing in Zambia / Residential PACE Originations Constrained January 2, 2025 Brandon Ivey Annaly Capital Management is preparing to issue the first non-agency MBS of 2025.Read More
MBS Investors Fill Void as Fed Reduces Holdings December 31, 2024 John Bancroft Depository institutions added some $68.55 billion of single-family MBS to their holdings during the third quarter.Read More
Demand Strong for NPLs, RPLs. But Inventory is Lacking... December 30, 2024 Paul Muolo Tad Dahlke of RAMS Capital noted that delinquencies “just aren’t going up much.”Read More
MBA Calls on Ginnie to Launch EBO Securitization Program December 26, 2024 James Dohnert The MBA noted that buyouts are capital intensive and can create liquidity stress for nonbanks, which don’t have large balance sheets to hold nonperforming loans for an extended period.Read More
Capital Requirements a Factor in Fannie’s Declining Market Share December 20, 2024 Dennis Hollier Because Fannie’s book of business is by far the larger, it’s more impacted by the stability capital buffer than Freddie.Read More
Larger Banks Boost Mortgage-Banking Earnings in 3Q December 19, 2024 Namrata Bhatia JPMorgan Chase had the most profitable mortgage-banking operation in the third quarter, with $633.0 million of income.Read More
Groundfloor Issues RTL Securitization With Unique Payment Feature December 19, 2024 James Dohnert Georgia-based investment property lender has announced a new type of securitization backed by deferred-pay RTLs.Read More
Short Takes: Fannie Expects Steady CRT Issuance / Housing Starts Increase / Home Sales Slower Than Expected / Moody’s Affirms Assessment of Mr. Cooper December 19, 2024 Brandon Ivey Fannie Mae projects that its issuance of credit risk transfer transactions in 2025 will be similar to issuance in 2024.Read More