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
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
FHA/VA Refi Up in 1Q21, Purchase Activity Dives April 7, 2021 John Bancroft The culprit: a downturn in purchase-mortgage activity...Read More
Another Ginnie EBO Portfolio Hits the Auction Block April 6, 2021 Paul Muolo When it comes to Ginnie EBOs, sales are done both servicing-retained and servicing-released.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
Securitization Claims Higher Share of Mortgage Market April 1, 2021 John Bancroft Fun fact: Ginnie Mae regularly captures 95% or more of new FHA and VA loan production...Read More
Post Fudge Declaration, MI Stocks Keep Rising March 31, 2021 Paul Muolo HUD's Fudge: "We continue to monitor mortgage performance trends within our portfolio, particularly related to those homeowners who are struggling financially because of the pandemic.”Read More
FHA/VA Correspondent Lending Posts Nice Gain in 4Q20 March 29, 2021 John Bancroft PennyMac Financial was, hands-down, the top producer in the correspondent channel with $60.51 billion, a 24.2% increase from 2019.Read More