A Big Improvement in the Ginnie Mae Forbearance Category April 12, 2021 Paul Muolo When it comes to forbearance, Black Knight noted widespread improvement “with all investor classes seeing significant declines" in active cases...Read More
A Laggard: Mortgages with Short Terms April 12, 2021 Brandon Ivey Some $11.40 billion of these loans — often used for fix-and-flip lending and bridge financing — were originated in 2020... Read More
In 1Q21, A Record $92.3 Billion for VA Refis April 12, 2021 John Bancroft Old-fashioned rate-term transactions still accounted for most of the VA refi market, at 89.1% in the first quarter... Read More
Structured Finance Market Off to Solid Start in 1Q21 April 9, 2021 John Bancroft Some $81.01 billion of non-mortgage ABS came to market in the first quarter, a hefty 85.8% gain from the previous period.Read More
In 1Q21, A Downdraft for Purchase-Money Securitizations April 8, 2021 John Bancroft The two government-sponsored enterprises saw a steeper 20.4% drop in purchase-loan volume, while the government-insured market fell 16.9%...Read More
Short Takes: Sliding: Applications / Nervous? / Inflation Fears / GSE Common On the Rise / A New President for Hamilton April 7, 2021 Paul Muolo At press time, mortgage stocks were mixed (up or down slightly), with the exception of Fannie Mae and Freddie Mac. Both were up about 5%... Read More
FHA/VA Refi Up in 1Q21, Purchase Activity Dives April 7, 2021 John Bancroft The culprit: a downturn in purchase-mortgage activity...Read More
GSE Business Volume Rock Solid in 1Q21 but Off From Fourth Quarter April 5, 2021 John Bancroft The first quarter of 2021 still ranked as the second-highest quarterly volume for the two GSEs...Read More
Short Takes: The Falling Forbearance Rate… / Play Ball / A Warehouse Securitization / A New Entrant to Non-QM Lending / FoAM Buys Benji April 2, 2021 Paul Muolo and Brandon Ivey For the week ending March 30, the relief count dropped by 33,000 units. Key point: Forbearance starts fell to their lowest weekly volume (30,000) since the beginning of the pandemic…Read More
HECM Production Down in 4Q but Otherwise Had a Banner Year April 1, 2021 Maria Volkova In 2020, American Advisors Group was the top reverse mortgage originator in the U.S., with $4.09 billion...Read More