Bank of America and JPMorgan Chase are using somewhat different strategies for conforming mortgages eligible for sale to the government-sponsored enterprises. Both banks are originating significant amounts of conforming mortgages and retaining some of the loans in portfolio instead of delivering them to the GSEs. BofA said its mortgage-banking income has declined due to holding mortgages in portfolio while Chase sold some of the credit risk on its conforming mortgage ...

First Republic, which lends to the affluent, earned $148.87 million in the first quarter of 2016, up 6.3 percent from the previous period...

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When interest rates take an unexpected dive – as they did in the first quarter – it can wreak havoc on servicing assets as banks and nonbanks try to calculate a fair market value for their residential receivables. According to interviews conducted by Inside Mortgage Finance and based on a compilation of values by Piper Jaffray, certain megabanks assigned some of the lowest values in years to their portfolios during the first quarter of this year. Bank of America, for instance, which usually ranks third among all servicers, assigned...[Includes one data table]

Nonbanks serviced $2.085 trillion of agency MBS at the end of March, a 2.9 percent increase from the fourth quarter.

Researcher Tom Popik said lenders may be missing opportunities to leverage strong homebuyer contacts acquired through the mortgage preapproval process.

More loans securitized by Fannie Mae, Freddie Mac and Ginnie Mae are carrying mortgage insurance, either private MI or coverage through government-insured programs, according to a new Inside Mortgage Trends analysis of mortgage-backed securities data. The trend toward more insured loans has been gradual over the past two years. In 2014, purchase-money loans with no mortgage insurance accounted for 39.9 percent of new MBS issued by ... [Includes one data chart]

Fannie Mae did a slightly better job than Freddie Mac in fending off the seasonal slump in new single-family mortgage business during the first quarter of 2016, according to a new analysis and ranking by Inside The GSEs. A stiff 11.6 percent decline in purchase-mortgage business was the major reason why total GSE production of single-family mortgage-backed securities fell 3.4 percent from the fourth quarter of 2015. Fannie and Freddie securitized $90.18 billion of refinance loans during the first three months of the year, a 1.8 percent uptick. Freddie’s total business was down 4.6 percent from the fourth quarter, while Fannie’s was off 2.5 percent. It was Fannie that boosted its refi production, by 3...

Three megabanks – Wells Fargo, JPMorgan Chase and Bank of America – posted modestly lower originations in the first quarter of 2016, thanks in part to seasonality as well as continuing their cautious behavior of sticking to bread-and-butter conventional lending. In their just-released earnings reports, there was no mention of production problems tied to the controversial integrated-disclosure rule known as TRID. Then again, given their size and the fact that they’re ...

New surveys of potential first-time homebuyers suggest that many are delaying purchasing a home due to affordability issues and the accrual of non-mortgage debt. “In many cases, we found today’s buyers are taking a long-term view of homeownership,” said D. Steve Boland, consumer lending executive for Bank of America. “They want to purchase a home that will meet their future needs and understand that, in some cases, that will require saving more, waiting longer and ...