November 20, 2024By Namrata BhatiaGinnie Loan Removals Hit Level Last Seen in 2022Payoffs accounted for 89.1% of total loan liquidations from Ginnie MBS in the third quarter.
November 20, 2024By Brandon IveyShort Takes: CHLA Seeks Loan-Level Pooling at Ginnie / Housing Starts Pick Up / Mortgage Demand for New Homes Up Slightly / Still Demand for RefisCHLA acknowledges that the shift at Ginnie will require additional funding for the agency.
November 19, 2024By Brandon IveyShort Takes: Forbearance Rate Increases / Home Price Appreciation Stalls / FHFA Increases GSEs’ Multifamily Cap Slightly / Scott Calls for Halt on Rulemaking, GuidanceThe share of mortgages in forbearance increased from 0.34% as of the end of September to 0.47% at the end of October, according to the Mortgage Bankers Association.
November 15, 2024By Brandon IveyShort Takes: Powell Sees No Need to ‘Hurry’ Rate Cuts / More Lock-In / Strong Demand for MSR Securitization From Rithm / Non-Agency MBS Flowing Again
November 13, 2024By Brandon IveyShort Takes: Applications Hold Steady / Mixed Trends in Foreclosures / Cherry Hill REIT Takes Loss / A&D Provides CRM Tool to Brokers