Ginnie Volume Drives Up Agency MBS in July August 13, 2024 John Bancroft Ginnie MBS issuance increased by 8.3% on a monthly basis in July while GSE volume declined somewhat.Read More
Short Takes: Steady Losses at Blend / FHA Extends Disaster Program in Maui / Income Drops at Cherry Hill / Correction on Ready Capital’s MSR Sale August 9, 2024 Brandon Ivey Blend Labs took a $19.4 million loss in the second quarter.Read More
Bulk Sales of Ginnie MSRs Jump in Second Quarter August 8, 2024 Brandon Ivey Some $63.39 billion of MSR on Ginnie MBS were transferred in the second quarter of 2024, up from $24.22 billion in the prior period.Read More
Liquidations From Ginnie MBS Increase in 2Q August 7, 2024 Brandon Ivey Halfway through 2024, Lakeview/Bayview Loan Servicing was the leader in removals from Ginnie MBS, with $11.33 billion.Read More
HUD Drops Face-to-Face Loss-Mit Requirement at FHA August 2, 2024 Monica Hogan HUD said the changes will better align its regulations with advances in electronic communication technology and borrower engagement preferences, while preserving consumer protections.Read More
HUD Pushes Out Some Dates on Planned FHA Rulemaking July 24, 2024 Monica Hogan Some proposals that were planned for the spring or summer are now not expected until December.Read More
Short Takes: Another CES Securitization From Rocket / HUD Plans Changes to Loan Sale Program / FHFA Sets Protections for Renters / Outlook for Cornerstone Servicer Rating Turns Positive July 15, 2024 Brandon Ivey With the new securitization, Rocket's non-agency issuance of closed-end second liens will hit $2.19 billion for the year.Read More
FHA Revises Proposal on Servicing Defect Taxonomy July 11, 2024 Brandon Ivey The proposal includes six defect areas through the servicing life cycle and remedies for each defect area.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
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