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Private MIs Lose Share of Agency Business in 4Q21

January 14, 2022
Namrata Bhatia
Private mortgage insurers lost market share in the agency purchase market during the last quarter of 2021, while FHA production shifted toward riskier business.
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Mixed Signals From Mortgage Bellwethers Wells and JPM

January 14, 2022
Paul Muolo and Monica Hogan
It’s earnings season! The early results show a mixed mortgage bag for the megabanks. The mega-nonbanks start reporting later this month.
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As Lending Grows More Competitive, Guaranteed Rate Chucks TPO

January 14, 2022
Paul Muolo
For a year, Guaranteed Rate stuck its toe in the broker channel. Now that the origination water has turned cold, it’s leaving.
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Preferences of Potential Homebuyers Vary Greatly

January 14, 2022
Dennis Hollier
Nearly half of Black first-time homebuyers say they would prefer to take a class or conduct in-depth research before buying.
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States Begin Homeowner Assistance Program Rollouts

January 14, 2022
Monica Hogan
States have begun taking applications for homeowner assistance programs funded by the Treasury Department and designed to prevent foreclosures stemming from the pandemic.
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Thompson: No Administrative End for Conservatorship

January 13, 2022
Dennis Hollier
Sandra Thompson, Biden’s nominee for FHFA director, gives a deft performance at her Senate confirmation hearing.
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Treasury Rate Spike Hits MBS Values, Lenders

January 13, 2022
Paul Muolo
Buy low, sell high. That piece of advice applies to stocks as well as bonds. But is now the time to purchase agency securities?
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CBO Flags Risks to Ginnie MBS Program Under Stress

January 13, 2022
Monica Hogan
The Congressional Budget Office looked at how an increase in nonbank issuers and a higher volume of VA loans might put Ginnie Mae’s MBS program at risk.
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Fitch Affirms Cenlar’s RMBS Servicer Rating. Case Closed?

January 13, 2022
Paul Muolo
Some of Cenlar’s subservicing clients are eyeing a switch. But when it comes to securities holders whose assets are being serviced by the vendor, so far, there isn’t much to worry about.
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Nonbank (Agency) MSR Market Share Just Shy of 61% at Yearend

January 13, 2022
John Bancroft
Depository institutions increased their agency mortgage servicing rights by just 0.4% during the final three months of the year.
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