Short Takes: Steady Margins / Older Millennials Struggle / Standardization for HFA Forms / Large Donation From MacKenzie Scott December 5, 2023 Brandon Ivey PennyMac's margins in the fourth quarter are at levels similar to those seen in the third quarter.Read More
GSE Loan Limits to Increase 5.6% in 2024 November 28, 2023 Brandon Ivey The baseline conforming loan limit for one-unit properties will be $766,550 in 2024.Read More
FHFA Formally Reduces Fee on Commingled Securities November 22, 2023 Dennis Hollier Several commenters argued that any capital requirement on commingled securities might interfere with the fungibility of the uniform mortgage-backed security.Read More
Fannie CEO to Take On President Role as Well November 15, 2023 Dennis Hollier Fannie President David Benson and Chief Administrative Officer Jeffery Hayward announce their retirements.Read More
Short Takes: Applications Increase / GSE Multifamily Cap Declines / FHA Property Inspection Fees / Fannie Offers CRT November 15, 2023 Brandon Ivey Mortgage applications were up 2.8% on a weekly basis while interest rates stayed put.Read More
Retail Channel Gains Share in Agency Market in 3Q November 14, 2023 Andras Malatinszky The retail channel boosted its share of agency MBS business by 112 basis points to 48.9% in the third quarter.Read More
GSE MBS Issuance Continues to Slide November 13, 2023 Dennis Hollier In the first 10 months of 2023, the GSEs’ combined refi production came to just $67.79 billion...Read More
The GSE CRT Spigot Starts to Run Dry November 13, 2023 Dennis Hollier One Freddie official noted, "The market thought we would issue at any level, but it was uneconomical"...Read More
Short Takes: Debt Concerns for One Lender? / Renting v. Owning / Make Them Buy MBS (Again) / A Non-QM Rebrand November 13, 2023 Paul Muolo and James Dohnert According to Invitation Homes, it’s cheaper to lease a home than it is to buy in all of the company’s 16 core markets...Read More
GSE Mortgage Holdings Decline in 3Q November 9, 2023 Dennis Hollier Fannie Mae's portfolio has only been smaller once since the financial crisis.Read More
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