Short Takes: Mixed Trends Among Agency MBS Issuers / Home Sales Expected to Increase / Provident Bank Hires Warehouse VP From Flagstar / Achieve Expands HELOC Offerings November 12, 2024 John Bancroft and Brandon Ivey While agency MBS issuance surged in October, some of the top sellers posted declines in volume compared with September.Read More
A Blowout 3Q for Prime Non-Agency Issuance November 11, 2024 James Dohnert Among the top 10 originators of securitized non-agency prime loans, just one was a bank: JPMorgan Chase.Read More
Ginnie to Reward Issuers That Successfully Hedge MSRs November 8, 2024 Brandon Ivey The capital relief will be provided via an adjustment to MSR values.Read More
Short Takes: Delinquencies Decline / Ishbia Expects Positive Changes Under Trump / Upgrades for Large Nonbanks / Redwood MBS With IPLs November 8, 2024 Brandon Ivey The modest decline in delinquencies in the third quarter was tied to early-stage delinquencies, while later-stage delinquencies increased.Read More
Fewer Rate Cuts Expected From Fed Under Trump November 7, 2024 Brandon Ivey Trump's economic policies could limit rate cuts by the Fed in 2025.Read More
Multifamily Loans Drive Up Commercial MBS Issuance November 7, 2024 John Bancroft Some $30.44 billion of multifamily loans went into commercial MBS issuance in the third quarter, a 46.1% increase from the second quarter.Read More
Short Takes: FICO Increasing Score Price / Earnings Jump at Finance of America / Zillow Increases Originations / Losses Narrow at Blend November 7, 2024 Brandon Ivey The wholesale royalty cost for a FICO credit score for mortgage originations will increase by 41% in 2025 to $4.95.Read More
Big Swings Likely in Federal Housing Policy Under Trump November 6, 2024 Brandon Ivey A business-friendly CFPB, higher insurance premiums for FHA borrowers and an exit from conservatorship for the GSEs are all possibilities.Read More
GSEs Increase Mortgage Holdings in Third Quarter November 6, 2024 Dennis Hollier Fannie Mae and Freddie Mac had $182.3 billion in mortgage holdings (measuring mortgage-backed securities and loans) at the end of the third quarter.Read More
Short Takes: More Rate Volatility / Applications Decline Again / Home Price Projection / Angel Oak REIT Returns to Profitability November 6, 2024 Brandon Ivey The 10-year opened the day at 4.258% and spiked to nearly 4.50%.Read More