FHFA Acting Director Sandra Thompson has quashed her predecessor's plans to expand the footprint of CSS to include GSE competitors.

Some 22% of the loans in the MBS were originated by lenders unaffiliated with Angel Oak Companies.

Over the four-month period from May to August, Fannie and Freddie purchased $46.18 billion of IPL and SHL loans, down 47.9% from the first four months of the year.

The SFVegas conference typically takes place in February, though the 2021 edition was postponed a few times due to the pandemic.

In the purchase market, the share of loans with credit scores ranging from 620 to 699 rose from 10.75% in the second quarter to 12.00% in the third quarter.

One caveat: Only the most well-heeled companies came to market, leaving originators with weaker prospects to tap their bank lines or enter into new or amended master repurchase agreements...

Veteran loan broker Michael Foote called it, “Good marketing more than anything, but they’ll just stack the loans and then sell them as soon as the new loans can be delivered…

The Fed added $135.87 billion to its agency MBS holdings during the second quarter. That accounted for just over half of the growth in agency MBS outstanding during that period.

On the loanDepot facility, Bank of Montreal is acting through its Chicago branch...

The move marks a change of pace for UWM, which has been issuing its own non-agency MBS with GSE-eligible mortgages for investment properties.