Agency Business Increases in Second Quarter July 12, 2024 John Bancroft Fannie Mae, Freddie Mac and Ginnie Mae issued a combined $272.04 billion of single-family mortgage-backed securities in the second quarter.Read More
FHA Expands 203(k) Rehabilitation Program July 10, 2024 Brandon Ivey The 203(k) program provides financing for rehabilitation of single-family homes.Read More
Purchase Mortgages Boost Ginnie Issuance in 2Q July 9, 2024 Monica Hogan Issuance of Ginnie Mae mortgage-backed securities rose 19.2% in the second quarter.Read More
VA, Mortgage Servicers Work Through VASP Implementation July 8, 2024 Monica Hogan The initiative serves as a last resort for the servicer...Read More
MSR Investors Expect ‘Feeding Frenzy’ During Refi Wave June 28, 2024 Brandon Ivey Prepayment rates are expected to be higher than in previous refinance cycles because lenders have bumped up spending on technology to improve recapture rates and loan originators are eagerly anticipating increasing their volume.Read More
Congress Ponders Partial Claims Program for VA June 27, 2024 Monica Hogan John Bell, executive director of the VA Home Loan Guaranty Service, said the agency doesn’t support the partial claims bill without amendments.Read More
1Q24 HECM Production the Weakest in Years June 24, 2024 Monica Hogan HECM lending hasn't been this low since before the COVID-19 pandemic...Read More
Non-Agency MBS Market Grows in First Quarter June 18, 2024 John Bancroft The Federal Reserve reported $445.78 billion of non-agency MBS outstanding at the end of March, up 2.6% from December.Read More
Purchase Mortgages Push Up Ginnie MBS Issuance June 13, 2024 Monica Hogan Lenders delivered $27.21 billion of purchase loans into Ginnie MBS in May, up 7.5% from the prior month.Read More
Correction: Termination of Open Mortgage’s FHA DE Approval Only Applies to Limited Geography June 12, 2024 Brandon Ivey The termination only applies to activity in the Des Moines, IA, HUD field office.Read More
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