Correspondent Channel Loses Share in Agency Market May 7, 2024 Andras Malatinszky The steepest drop took place at Freddie, while Ginnie securitizations were relatively unscathed.Read More
Revenues Plunge at Reverse Lender Finance of America May 7, 2024 Paul Muolo Total revenues fell to $74.6 million in the first quarter of 2024 from $275.7 million in 4Q23.Read More
Surprise: Freedom's Production Soars in First Quarter May 6, 2024 Brandon Ivey “We are very opportunistic in certain markets in which we like the vintage and the availability of credit,” Patterson said.Read More
Refi Surge Boosts Ginnie Loan Liquidations in 1Q April 29, 2024 John Bancroft In case you missed it: The VA reported an astronomical increase in its interest rate reduction refinance program in early 2024...Read More
Delinquencies on Agency MBS Decline in First Quarter April 24, 2024 Namrata Bhatia The overall delinquency rate across all three agencies declined 36 basis points in the first quarter to 2.78%.Read More
Loans With Primary MI Gain Share in First Quarter April 19, 2024 John Bancroft The share of mortgages with primary MI increased by 2.1% in the first quarter, based on agency MBS issuance.Read More
Ginnie Issuance Slows in First Quarter April 17, 2024 Monica Hogan Refi volume delivered to Ginnie spiked in the first quarter while purchase-mortgage activity declined.Read More
Part of Texas Capital's Warehouse Lawsuit Against GNMA Can Proceed April 15, 2024 Monica Hogan In January, Ginnie filed a motion to dismiss Texas Capital's lawsuit, but...Read More
Servicing Portfolios Slowly Shift Toward Higher Interest Rates April 12, 2024 John Bancroft At the end of March, some 11.1% of agency single-family servicing had coupons over 6.0%, up from just 3.1% a year ago.Read More
First-Quarter Agency MBS Volume Up on Annual Basis April 5, 2024 John Bancroft Purchase-mortgage volume at Ginnie Mae increased by 13.9% on an annual basis in the first quarter of 2024.Read More
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