With sales to the GSEs rising sharply in the second quarter, the share of low-FICO purchase loans fell to a record low — while the share of high-FICO loans hit a record high. (Includes two data charts.)
The vast majority of agency mortgages with primary MI coverage were purchase loans in the second quarter, although the flow of insured refinance business was up a little more. (Includes two data charts.)
Fitch rode the market’s hottest sectors in the first quarter: vehicle-backed ABS and expanded-credit MBS. S&P slipped to second in ABS ratings and fourth in residential MBS. (Includes two data charts.)
The 2022 book of GSE single-family business has a higher defect rate than earlier cohorts, and sellers are repurchasing loans with interest rates lower than current levels. (Includes three data charts.)