Based on recently released HMDA data, first-lien originations in 2022 totaled an estimated $2.325 trillion, down 47.6% from the previous year. (Includes two data charts.)
The bank liquidity crisis — although it had nothing to do with mortgages — slowed activity in the MSR sales arena. However, some buyers, including federally insured depositories, hung in there, picking up bargains.
The mortgage industry has raised concerns over the cost implications of both the CFPB’s proposed repeat offender registry and its proposed registry of contract terms that nonbanks use to censor customers.
Both Fannie and Freddie made significant strides in meeting the objectives laid out in their 2022 equitable housing finance plans, according to progress reports released by the enterprises.
The nation’s second-largest residential mortgage lender based on 2022 originations has revived its conventional 1% downpayment mortgage product; FTC approaches court to stop ICE-Black Knight merger.
Monthly business volume was up in March, and a handful of sellers grew their agency single-family production in an otherwise calamitous start to the new year. (Includes two data charts.)
Mortgage rates are starting to come down a bit, but the first quarter of the new year was a challenge for most. The worst of it, hands down, was January, with February seemingly brighter.
Federal banking regulators can take actions to address issues among regional banks without legislation from Congress, the Biden administration said in a statement. Bank trade groups asked for a wait-and-see approach.
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