Mortgage Profitability, Earnings and Repurchase Activity

Bank Mortgage Banking Earnings

Chart ranking institutions by noninterest income from sale, securitization and servicing of 1-4 family mortgages. Quarterly data available from 2010 to 2Q14.

2Q14 Top 100

2013 Top 100

2013 Expanded List

2012 Data

2Q13 Data

2011 Data

2010 Data

Poll

What is it going to take to convince lenders to loosen the credit box (i.e., remove underwriting overlays)?

The recent rep and warranty changes announced by the Federal Housing Finance Agency should go a long way in protecting lenders from future buybacks and help expand mortgage credit.
There won’t be any significant elimination of underwriting overlays until the government stops seeking huge mortgage-related penalties and settlements from lenders.
There shouldn’t be any expansion of the mortgage credit box since looser underwriting is what caused the recent mortgage crisis.

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