Credit diverges: Jumbo rises, FHA slips
Nonagency underwriting is expanding but the public sector is a different story due to recent performance issues, according to the Mortgage Bankers Association.
Mortgages
EFMT’s book of non-prime mortgages supports $509.6 million in RMBS
LendSure originated more than one third of the loans in the pool, while American Heritage Lending and The Loan Store represent 14.8% and 11.1% of the pool.
LoanDepot adds wholesale production 3 years after exit
The company dropped the broker channel just months after Frank Martell became CEO; now that Anthony Hsieh is running things again, LoanDepot brought it back.
Oil price shock pushes mortgage rates back above 6%
While this only shows a 2-basis-point rise in the 30-year fixed since last week, the Lender Price product and pricing engine data is 30 basis points higher.
Fannie, Freddie join Anthropic ban, address DHS shutdown
The government-sponsored enterprises' oversight chief severed ties with the AI firm following President Trump's dispute with it over boundaries on military use.
Mortgage rates dip under 6% for first time since ’22
For the first time since early September 2022, the Freddie Mac Primary Mortgage Market Survey has the 30-year below 6%, but the 15-year gained this week.
Onslow Bay prepares to sell $452.7 million in ABS from HELOCs
First liens and junior liens account for 197 and 1,755 of the pool, respectively, DBRS said. They have unpaid balances of $30.5 million and $217 million, with FICO scores of 747 and 740 on a WA basis.
Consumer debt accelerates in December, fueled by mortgages
Total consumer debt in the United States hit $18.2 trillion by the end of last year, with $12.8 trillion attributed to first mortgages, according to Equifax.
A&D Mortgage raises $602.7 million in non-prime RMBS
Underwriting relied heavily on alternative documentation, led by debt-service coverage ratios (35.7%) and bank statements ranging from 12-23 months (28.2%) and longer than 24 months (4.6%).
Mortgage trade groups back call for updates to Basel III
In a letter to regulators, the consortium of organizations recommended regulatory changes affecting a range of rules from risk weights to warehouse financing.
New home mortgage applications up as starts end 2025 strong
The increase in borrower activity came as housing starts ended 2025 on a high note, while mortgage rates were a percentage point lower year-over-year.
Mortgage rates settle above 6%, lowest in over three years
While the Freddie Mac survey recorded a weekly decline, the benchmark 10-year Treasury yield had moved back up by 6 basis points around midday on Thursday.
Institutional home buyers gained ground in December
Large and mega investors accounted for 5.8% of all single family-home purchases in December, up from 4.8% at the same time last year, according to Cotality.
Fannie Mae, Freddie Mac add new rate buydown disclosures
Fannie Mae and Freddie Mac will add loan-level buydown data to MBS this spring, giving investors clearer insight into prepayment risk tied to temporary rate incentives.
Point Securitization to raise $346.4 million from home equity investment agreements
Point Digital Finance originated the underlying home equity contracts, composed of first lien (11.1%), primarily second-lien (82.9%) and third liens (5.81%) on residential properties.
Freddie profit falls; Congress pushes back on IPO
A House subcommittee hearing discussing the future of the government-sponsored enterprises, noted both are still severely undercapitalized.
Treasuries slump as strong US labor data resets Fed-cut bets
Traders are now pricing in the Fed's next rate reduction in July, after the term of current Chair Jerome Powell ends in May.
US adds 130,000 jobs in January; unemployment rate falls
The Bureau of Labor Statistics issued its delayed January employment report Wednesday morning, showing the economy added 130,000 jobs in January. But the agency also sharply revised its estimates for total jobs created in 2025 to 181,000 from 584,000.
A K-shaped split is emerging in mortgage delinquencies
Borrowers in the lowest-income areas have seen their 90 or more day delinquency rates soar since 2021, jumping from 0.5% to nearly 3%, the New York Fed said.
FHFA goes ahead with repeal of Biden fair lending rule
The secondary market regulator will formally publish its own rule on Feb. 6, after a comment period and without making changes to what it proposed in July.
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