All three agencies saw new MBS issuance slow in November, though Ginnie held up slightly better. Both purchase-mortgage and refinance activity were down. (Includes two data charts.)
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UWM has its own non-agency MBS shelf, allowing the lender/servicer to directly issue deals. However, the company continues to contribute mortgages to non-agency MBS issued by others.
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The Mortgage Bankers Association and the Housing Policy Council are calling on Ginnie Mae to end temporary pooling restrictions imposed on reperforming loans during the pandemic.
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Federal Reserve Chair Jerome Powell says inflation has been high enough long enough to warrant a quicker reduction in the central bank’s MBS purchases. Time for mortgage bankers to worry?
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Fannie’s deemed-issuance ratio for 2022 dropped as the government-sponsored enterprise accounted for a lower share of deliveries to UMBS; MISMO is working to standardize the bid-wanted in competition dataset format.
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