Inside Mortgage Finance: What the Mortgage Market Reads, since 1984. Industry Data, News & Analysis. Also on LinkedIn: linkedin.com/company/2016720
Joined July 2011
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Get breaking news and statistics on the residential #mortgage market delivered to you daily — for free. Sign up for IMFnews at insidemortgagefinance.com/us…
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Wells Fargo is offering a 50-bp lender credit on mortgages to buyers of 3D-printed homes manufactured by Icon. insidemortgagefinance.com/ar…
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Rocket Companies is marketing a $706.0 million securitization of closed-end second liens. It’s poised to be the second largest CES securitization from Rocket, topped only by a $707.1 million issuance in October. insidemortgagefinance.com/ar…
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Nonbank lenders are fielding more loan requests involving ground-up construction and heavier rehab projects as regional banks have decreased the amount of business they do with real estate investors, says Toorak Capital Partners’ Ketan Parekh. insidemortgagefinance.com/ar…
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Declining interest rates in January and February helped to push refinance business up for 1Q26, but not enough to offset the seasonal decline in purchase-mortgage lending. Read more when you sign up for IMF’s free monthly newsletter, Loan Originator News. eepurl.com/hWQmrn
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FHFA says its current authorities to take action against fraud in the housing finance market are “indirect or limited” and wants Congress to pass a law establishing that FHFA can bring civil actions against those suspected of engaging in mortgage fraud. insidemortgagefinance.com/ar…
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JPMorgan Chase remained the top bank investor in business CLO in the first quarter with $40.39 billion, although that was down 7.4% from the prior period. insidemortgagefinance.com/ar…
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There’s not an evident internal successor to Frank Cassidy at FHA. Former Ginnie Mae President Ted Tozer noted that after DOGE delivered deep cuts across government departments last year, experienced agency management has been diluted. insidemortgagefinance.com/ar…
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The FHA Connection system will automatically assign a case number for condo units belonging to projects for which FHA’s approval has either expired or been rejected on a project-wide basis. The update became available on May 26. insidemortgagefinance.com/ar…
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.@naic voted to reduce the C-1 risk-based capital factor — a multiplier to calculate the minimal capital an insurer must hold to cover asset default and investment losses — from 1.75% to 0.68%. insidemortgagefinance.com/ar…
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Noting that ending conservatorship is already “operationally and politically difficult,” TD Cowen’s Jaret Seiberg said “We do not see how one could surmount those obstacles if the FHFA director is devoting most of his time to national security issues” insidemortgagefinance.com/ar…
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Under a new HUD proposed rule, a new definition of a manufactured home would allow upper floor sections to be transported and constructed without a permanent chassis. insidemortgagefinance.com/ar…
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Jun 15
Redwood Trust is marketing a $468.9 million MBS of primarily bank statement and debt service coverage ratio loans. And Annaly Capital Management is marketing a $340.0 million MBS of agency-eligible loans. insidemortgagefinance.com/ar…
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Jun 15
Rocket Mortgage reported $1.38 billion in net gain-on-sale and originated mortgage servicing rights in the first quarter, up 15.4% from the fourth quarter. insidemortgagefinance.com/ar…
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Jun 15
Most of the loans in non-agency MBS have decent collateral characteristics, says Leo Wong, a partner at Waterfall Asset Management. But “a lot of crap is being sold as whole loans.” insidemortgagefinance.com/ar…
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Jun 15
United Wholesale Mortgage did not provide a formal updated offer to acquire Two Harbors Investment during last week’s extended wavier period. But in a statement today UWM said that it’s still willing to engage in good-faith negotiations with Two Harbors. insidemortgagefinance.com/ar…
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Jun 15
Re: Trump’s appointment of Bill Pulte as acting DNI, @Wedbush analysts say the move “reinforces our view that a meaningful ‘IPO’ action (i.e. a Treasury sale of converted warrant share in [Fannie and Freddie] is unlikely before the 2026 midterm elections.” insidemortgagefinance.com/ar…
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Jun 15
Freedom Mortgage continued to have the largest volume of Ginnie Mae removals among servicers, with $15.67 billion in 1Q26. That was essentially flat compared with 4Q25 and nearly double the removal volume Freedom had in 1Q25. insidemortgagefinance.com/ar…
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Jun 15
Wells Fargo handled servicing on $233.12 billion of jumbo mortgages in the first quarter of 2026, down 0.7% from the fourth quarter of 2025. insidemortgagefinance.com/ar…
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Jun 15
During the first three months of 2026, REITs upped their holdings of commercial MBS by 16.5%, along with a 7.5% increase in unsecuritized single-family mortgages. insidemortgagefinance.com/ar…
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Jun 15
The job market is showing resilience, says @MBAMortgage’s Mike Fratantoni, but inflation is too high. “MBA continues to anticipate that the Fed’s next move will be a rate hike, and that means mortgage rates are unlikely to drop anytime soon.” insidemortgagefinance.com/ar…
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