According to a new tally from Inside Mortgage Finance, refis accounted for 47.6% of first-lien originations in 3Q19 compared to 35.9% and 35.2% in the second and first quarters, respectively.
In case you haven’t noticed, the yield on the benchmark 10-year Treasury was at 1.86% as IMFnews went to press compared to 1.46% in early September. That’s a difference of 40 basis points…
It might be easier to sell stock in a reconstituted Fannie and Freddie after the old companies are wiped out through receivership and “new” entities are created. FHFA has the power to sell the charters but not the legal authority to issue new charters.
Genworth’s sale to China Oceanwide Holdings is still pending. The deal was struck back in 2016. So what’s the hold up? The short answer: Selling anything to China is complicated these days...