The agency market may need continued growth in refinance lending to sustain the third quarter’s increase in single-family business. Fueled by surging refi volume, Ginnie grew its share of agency MBS issuance. (Includes two data tables.)
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Although the origination tally for the third quarter won’t be ready for a few weeks, it feels like it was the best of the year. And some CEOs think the fourth quarter could be even better.
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There’s a large gap between damage from Hurricane Helene and what will be covered by the National Flood Insurance Program and the private property insurance market, according to CoreLogic.
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It’s possible that some large lenders are offering 2025 conforming loan limits that are higher than where FHFA will set the limits. If that’s the case, there could be complications but no major concerns.
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A Florida broker’s complaint alleging UWM violated antitrust laws and attempted to monopolize the wholesale mortgage market failed, after no plausible evidence was provided.
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Onity owns roughly $123 billion of MSR and has a growing subservicing business. But still, the market treats its stock like a leper. Might de-leveraging help?
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