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Inside Mortgage Trends
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Bad News for the Non-Agency MBS Revival: Issuance Slumped in 2Q15

July 9, 2015
John Bancroft
The worst news: Prime jumbo MBS issuance fell 32.5 percent from the first quarter to the second.
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Private MI Business Spikes in 2Q15 as GSE High LTV Lending Gains Steam

July 9, 2015
John Bancroft
It was the biggest quarter in GSE private MI activity since the third quarter of 2013...
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Potential Homeowners Psyching Themselves Out of the ‘American Dream’?

July 9, 2015
Carisa Chappell
Wells Fargo, the nation's largest originator, reported that while 72 percent believe now is a good time to buy, many consumers are faced with misconceptions about credit scores and other topics.
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Moderate Growth for Subservicers in 1Q15; Tougher Regulatory Regime Is Benefitting Nonbanks

July 9, 2015
The nation’s subservicers increased their contracts to a record high $1.350 trillion at March 31 as tougher regulations continued to play a key role in the shifting of processing chores away from depositories to nonbanks. On a sequential basis, contracts increased by 7.1 percent in the first quarter and 14.4 percent compared to March 31, 2014, according to a new Inside Mortgage Finance ranking. Only four banks – Flagstar, Cenlar, Wells Fargo and Bank of America – were among the top 20 subservicers. Overall, at March 31, subservicers were...[Includes one data table]
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Forget Greece. China’s Woes Could Shape Mortgage Rates, MBS Prices

July 9, 2015
Paul Muolo
“The Greek crisis already has taken a toll on MBS and still poses a sizeable risk to performance,” according to a new report from Deutsche Bank Securities.
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Stonegate Expands Direct-to-Consumer Unit in Arizona

July 8, 2015
Sherry Muolo
Stonegate has grown from 400 employees in 2012 to about 1,300 currently.
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FHFA Maintains ‘Cone of Silence’ on Captive Insurers and FHLB Membership

July 8, 2015
Paul Muolo
Dave Stevens, president of the Mortgage Bankers Association, said he doesn’t know which way the FHFA will decide on the topic...
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Mortgage Co-ops Losing Their Allure Thanks to Free GSE AU?

July 8, 2015
Paul Muolo
There are three major cooperatives that serve as middlemen between lenders and various counterparties: Lenders One, Capital Markets Cooperative and The Mortgage Collaborative.
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Wingspan, Specialty Servicers Felled by Falling Delinquencies

July 7, 2015
Paul Muolo
In short order, Wingspan faces a dilemma that many of its peers are facing: rapidly improving real estate values are snuffing out delinquencies and draining the supply of problem loans.
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Investors Keeping MBS – For Now? Worries About Greece, China, PR?

July 7, 2015
Paul Muolo
The highest reading of the year came in January, $245.9 billion, a time when interest rates were still declining.
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