No Worries At All: Plenty of Buyers for Agency MBS December 22, 2020 John Bancroft The combined market for Fannie and Freddie single-family MBS grew 3.7% in the third quarter and a hefty 9.5% over the past year. Read More
Few Mortgage-Related Provisions in Stimulus Bill Passed by Congress December 22, 2020 Brandon Ivey Missing in action: assistance to help servicers with MBS advances...Read More
Forbearance Inches Northward, Trouble in the GNMA Sector December 21, 2020 Paul Muolo Forbearance requests from FHA/VA borrowers reached their highest level since the week ending June 14, MBA said...Read More
Trouble Ahead as 30-Day Delinquencies Rise on Agencies December 17, 2020 John Bancroft Although early-payment delinquency rates were up across the board, they remained significantly lower than six months ago.Read More
Ginnie Early Buyout Game Attracting More Than Issuer/Servicers December 15, 2020 Paul Muolo David Rosenblum, a partner in the firm, said Prophet has “an appetite for billions more.”Read More
Ginnie Single-Family MBS Issuance Slows in November December 15, 2020 John Bancroft November issuance was down 0.2% from October mostly because of weakening purchase-mortgage securitization, which fell 5.0% on a monthly basis. Read More
Forbearance Declines, But MBA Warns of Trouble Ahead December 14, 2020 Paul Muolo MBA: “Compared to the last two months, more homeowners exiting forbearance are using a modification – a sign that they have not been able to fully get back on their feet, even if they are working again.” Read More
Bill Would Increase the Pool of Eligible VA Borrowers December 11, 2020 Paul Muolo VA lending, like much of the home origination market, has been on a tear this year, surpassing FHA production...Read More
Short Takes: Mortgage Déjà Vu / A Warehouse Securitization From loanDepot / Throwing Cold Water on Downsizing by Homeowners: Rates / A Promotion at Impac December 9, 2020 Paul Muolo According to Moody’s, prior to the securitization, loanDepot had sponsored five warehouse deals totaling $1.8 billion...Read More
First-Time Buyers Lose Ground in 3Q20 Purchase-Loan Market December 9, 2020 John Bancroft The decline in first-time buyer share was due in part to a failure of the government-insured sector to keep pace with the conventional market. Read More
Onity (Ocwen) Considering Its Options?At yearend, the West Palm Beach-based Onity owned $130.6 billion of MSRs.
Bessent Suggests GSEs for U.S. Sovereign Wealth FundThe creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
Talk: Onity Considering Sale as Offering Book Circulates Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.