Large Nonbanks, Smaller Lenders Driving Jumbo MBS November 8, 2023 James Dohnert United Wholesale Mortgage remained the top originator of loans in prime non-agency MBS in the third quarter.Read More
Short Takes: Nonbanks Not in FHFA’s Plans for FHLBanks / Applications Tick Up / New MBS From Verus / Pretium Wins Fannie NPL Auction November 8, 2023 Brandon Ivey FHFA left it up to Congress to decide whether nonbanks should be provided access to Federal Home Loan Bank advances.Read More
Ginnie MBS Issuance Declines in October November 7, 2023 Brandon Ivey Both FHA and VA volume in Ginnie MBS issuance declined on a monthly basis in October.Read More
Angel Oak REIT Bounces Back in Third Quarter November 7, 2023 James Dohnert Angel Oak REIT posted an $8.3 million profit in the third quarter, after spilling red ink in the second quarter.Read More
Short Takes: Banks See Weak Demand, Tighten Underwriting / FHA Extends Waiver on Face-to-Face / MFA Takes Loss / HELOC Securitization November 7, 2023 Brandon Ivey Demand for mortgages from banks declined in the third quarter and many banks further tightened underwriting.Read More
Going Into Winter, Agency MBS Issuance Begins to Slump November 6, 2023 John Bancroft In October, the top five volume leaders in agency MBS issuance were all nonbanks, led by PennyMac Financial...Read More
Agency MBS Investors Brush Off Losses November 3, 2023 Brandon Ivey Wide spreads are putting pressure on the value of MBS held in portfolio while also offering attractive yields for new investments.Read More
Short Takes: ARM Share Increasing / loanDepot Offers Second Lien for FHA Mortgages / Redwood Returns Quickly With Jumbo MBS / HUD Selling HECMs November 1, 2023 Brandon Ivey ARMs accounted for 10.7% of mortgage applications last week.Read More
Redwood Posts Loss Despite Jumbo Portfolio Gains October 31, 2023 James Dohnert Redwood Trust spilled red ink in the third quarter but expanded its jumbo portfolio and bank partnerships over the last three months.Read More
Short Takes: Home Prices Increase / Large Loss for AGNC / Profits Increase at Two Harbors / New President at Cenlar October 31, 2023 Brandon Ivey Prices were up 5.6% on an annual basis in August, according to FHFA.Read More
RSS