Slightly Higher Credit Scores, LTV Ratios on GSE Business in 2Q July 16, 2024 Brandon Ivey The share of loans with a credit score of 740 of above increased from 69.65% for deliveries to the GSEs in the first quarter of 2024 to 70.80% in the second quarter.Read More
Short Takes: Chase Doubles Up With Prime Non-Agency MBS / Tweak in Fannie’s Latest CRT / Smaller Expanded-Credit Deal From Verus / Home Price Appreciation Slowing July 16, 2024 Brandon Ivey Two entities at JPMorgan Chase started marketing separate prime non-agency mortgage-backed securities Monday.Read More
Residential MBS Issuance Increases in Second Quarter July 15, 2024 John Bancroft Issuance of residential mortgage-backed securities increased by 25.1% from the first to the second quarter of 2024, hitting $304.37 billion.Read More
Radian Enters Jumbo MBS Market July 15, 2024 James Dohnert The non-agency conduit of Radian Group started aggregating loans in 2022.Read More
Short Takes: Another CES Securitization From Rocket / HUD Plans Changes to Loan Sale Program / FHFA Sets Protections for Renters / Outlook for Cornerstone Servicer Rating Turns Positive July 15, 2024 Brandon Ivey With the new securitization, Rocket's non-agency issuance of closed-end second liens will hit $2.19 billion for the year.Read More
Agency Business Increases in Second Quarter July 12, 2024 John Bancroft Fannie Mae, Freddie Mac and Ginnie Mae issued a combined $272.04 billion of single-family mortgage-backed securities in the second quarter.Read More
Ratings Helping to Boost Fix-and-Flip Lending July 12, 2024 James Dohnert Toorak issued the first-ever rated RTL securitization earlier this year.Read More
Short Takes: FHFA Publishes Historical VantageScore Data / ‘Sweet Spot’ for Homebuyers / Low DSCR Offering From A&D / MFA Offers RPL MBS July 12, 2024 Brandon Ivey The historical VantageScore data are available to approved users to help with the GSEs' planned acceptance of the credit score.Read More
GSE Conforming Jumbo Volume Spikes in Second Quarter July 11, 2024 James Dohnert Some $9.71 billion of conforming jumbos were included in GSE MBS issued during the second quarter.Read More
Short Takes: Treasury Hosts Title Insurance Meeting / HELOC Securitization From Figure / Inflation Declines / Foreclosure Activity Slows July 11, 2024 Brandon Ivey The meeting will help the Treasury’s Federal Insurance Office as it considers policy options on title insurance.Read More