FHA Loans Drive Up Ginnie Issuance in May June 21, 2023 Monica Hogan Ginnie Mae MBS issuance increased by 3.3% on a monthly basis in May.Read More
Short Takes: MSR Offerings / Support for New ‘Trigger Lead’ Bill / Housing Inventory Hits Record Low / CRT From Freddie June 21, 2023 Paul Muolo and Brandon Ivey Plenty of MSRs available for sale.Read More
Money Managers Add MBS to Portfolios June 20, 2023 John Bancroft Money-market funds and other investors helped to fill some of the void in the MBS market as the Fed and banks reduced their holdings in the first quarter.Read More
Change Seeing Success with Non-QM Program June 20, 2023 James Dohnert Change recently issued its first expanded-credit MBS to receive a AAA rating.Read More
Short Takes: Figure Expands to Wholesale / MPF Activity / Leadership Transition at Truist / New CFO at Cenlar June 20, 2023 Brandon Ivey Figure is now offering HELOCs through the wholesale channel.Read More
FHFA Increasing Efforts to Address Climate Change June 16, 2023 Dennis Hollier Eight internal working groups collaborate with FHFA's Climate Change and ESG Steering Committee to develop climate-related plans and policies.Read More
MBS Spreads Tighten, Providing Some Relief June 16, 2023 Paul Muolo Agency mortgage-backed security spreads to Treasuries recently moved to their tightest level in seven weeks.Read More
Short Takes: Servicers Reduce Staff / New Non-QM MBS / Homebuilder Buydown Tactics June 16, 2023 Brandon Ivey Staffing levels at servicers are declining, though not nearly at the rate seen on the origination side.Read More
Rocket, FirstKey Team on Closed-End Second Securitization June 15, 2023 Brandon Ivey It's the first securitization from Rocket of closed-end second liens.Read More
Short Takes: Fed’s Impact on Mortgage Rates / FHA Servicers Struggled Amid COVID / Ginnie Extends RON / Unknown Lenders in Annaly’s MBS June 15, 2023 Brandon Ivey Just because the Fed paused its interest rate increases doesn't mean rates on mortgages will stop going up.Read More