Agency MSR Transfers Up a Solid 13.9 Percent in 2018 January 25, 2019 John Bancroft Transfers of agency mortgage servicing rights rose to their highest level in at least four years during 2018, although activity cooled in the fourth quarter. [Includes three data charts]Read More
GSE Market Shifted Toward Megabanks in 4Q18 January 16, 2019 John Bancroft Chase’s secondary market patterns are typically herky-jerky…Read More
Residential Lending Declines for Both BofA and U.S. Bank January 16, 2019 Paul Muolo A top ten lender, U.S. Bank produced $9.1 billion of mortgages in 4Q18, a 19.1 sequential decline...Read More
Residential Production Falls 17 Percent at Wells Fargo, Mortgage Profits Plunge January 15, 2019 Paul Muolo Management blamed the lower figures on “seasonality.”Read More
Residential Production Down by Almost 24 Percent at No. 2-Ranked JPMorgan Chase January 15, 2019 Paul Muolo JPM valued its MSR portfolio at 117 basis points at the end of the fourth quarter, reducing the mark from 122 bps in 3Q18...Read More
First Republic Bucks the Trend and Increases Mortgage Originations January 15, 2019 Brandon Ivey Jumbo mortgages account for the vast majority of First Republic’s single-family production.Read More
Consumer Complaints Up 3.8 Percent in 2018. Mortgage Gripes Tank January 15, 2019 Yemeng Yang Companies with the most gripes filed against them were the three major credit reporting bureaus: Equifax, Experian and TransUnion...Read More
Retail Channel Continues to Lose Market Share as Correspondent Surges January 14, 2019 John Bancroft Wholesale-broker activity saw roughly the same rate of decline as the retail channel did...Read More
Hedging Losses Likely for Fannie and Freddie in 4Q18? January 14, 2019 Paul Muolo The more exaggerated the rate moves, the greater the gain or loss.Read More
Citigroup Sees Retail Residential Production Drop by Almost 15 Percent January 14, 2019 Paul Muolo Compared to the same period a year earlier, retail loan production fell by 23.3 percent at Citigroup...Read More
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