GSE MBS Issuance Increases in May June 14, 2023 Dennis Hollier Among the top 100 GSE lenders in May, most saw a significant sequential increase in production.Read More
Short Takes: FHA Offers Translated Docs / Redwood Cuts Dividend / Strong Demand for Change’s MBS / New Hire at Cenlar June 14, 2023 Brandon Ivey and Paul Muolo The translated documents include loan application materials, model documents and various disclosures...Read More
MSR Marks Drag Down Mortgage-Banking Income June 13, 2023 John Bancroft Operating income from servicing is stable; fluctuations in MSR valuations account for most of the ups and downs in the sector.Read More
Redwood Partners With Oaktree on Bridge Loans June 13, 2023 Brandon Ivey Redwood's CoreVest originated $264 million of bridge loans in the first quarter of 2023.Read More
Agency MBS Issuance Begins to Find Its Legs June 12, 2023 John Bancroft All three agencies saw rising business in May...Read More
Researchers Find Climate-Driven Changes in MBS Deliveries June 9, 2023 Dennis Hollier The economists used the government-sponsored enterprises’ conforming loan limits to examine lenders’ choices in the wake of a significant disaster.Read More
Short Takes: Foreclosures Increase / Affordability Improves / Upgrades for Velocity’s MBS June 9, 2023 Brandon Ivey Foreclosure filings increased in May.Read More
CRA Treatment of Ginnie Buyouts Under Scrutiny June 8, 2023 Monica Hogan There's some uncertainty on how revisions to Community Reinvestment Act standards will treat repurchases of delinquent loans pulled from Ginnie Mae pools.Read More
Short Takes: Rate Locks Decline in May / Community Banks Pulling Back / Leo Leaving SFA / Homeowners Insurance and Affordability June 8, 2023 Brandon Ivey Locks for both purchase mortgages and refis declined on a monthly basis in May.Read More
REITs Increase MBS Holdings Amid Market Volatility June 7, 2023 John Bancroft With banks and the Fed shedding MBS, REITs added to their portfolios.Read More