The Securities and Exchange Commission had charged James Im, a former bond trader for Nomura Holdings, with fraud for inflating the prices of MBS he bought from and sold to investors.

With rates rising for much of the year, MBS trading has been weak but not exceedingly so. But thanks to recent carnage in the stock market, bonds may be “in” again.

Refi volume for private MIs plunged 33.9% on a quarterly basis to just $6.66 billion, or just 4.9% of NIW written.

Home Point's gain-on-sale margin came in at 61 basis points, a slight improvement over the October-December period...

The MSR "cookie jar" has been tapped...

Now that Gordon has been plated, the lobbying for a premium cut begins...

Sharply higher interest rates clobbered origination income in the first quarter of 2022, but there was a silver lining to this dark cloud: higher MSR valuations. (Includes data chart.)

It’s been a difficult couple of years for USAA, losing money and getting sanctioned by regulators. The latest development: The bank is selling the ownership rights to its MSRs.

Delinquencies, after spiking at the start of the pandemic, are back at manageable levels. Serious delinquency rates are still elevated, though. (Includes data chart.)

Federal agencies want servicers of government-backed mortgages to pause foreclosure proceedings when the homeowner’s application for relief under the Homeowner Assistance Fund is pending.