Prime non-agency MBS issuance jumped 51.9% from the second quarter to $26.58 billion in the third. Some $14.91 billion came from deals backed by traditional jumbo loans that exceed agency loan limits...
Fannie, Freddie and Ginnie securitized $345.72 billion of loans with some form of primary MI during the third quarter, an 8.3% drop from the previous period.
One interesting side note: The bank grew its third-party servicing portfolio to $509.3 billion, up from $463.9 billion at mid-year, a sequential gain of 9.8%.
Moves by the Trump administration are disrupting the economy and the federal agencies that deal with the housing market. Bob Broeksmit, president and CEO of the MBA, isn’t sure how it’s all going to play out.
Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
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