Private mortgage insurers continued paying MI premiums to captive reinsurance entities sponsored by mortgage lenders in 2010, but the payment flow declined further in a business arrangement that is gradually winding down. A new Inside Mortgage Trends analysis of annual private MI regulatory filings reveals... [Includes one data chart and one graph]
Top mortgage banking operations reported a significant downturn in production-related earnings during the fourth quarter of 2010, but the aggregate results mostly reflected severe buyback expenses at one of the industrys largest lenders. A new Inside Mortgage Trends analysis of earnings reports from nine mortgage lenders found...[Includes one data chart and one graph]
Banks reported a huge 41 percent drop in the volume of mortgage repurchases and indemnifications made during the fourth quarter of 2010, but most major institutions say the problem isnt over yet. A new Inside Mortgage Trends analysis of call report data reveals that banks repurchased...[Includes three data charts]
Fannie Mae, Freddie Mac and the Federal Home Loan Banks all recorded significant declines in new debt issuance during 2010. The GSEs collectively issued $3.454 trillion in new debt during 2010, a decline of 25.3 percent from the previous year. New issuance effectively just replaced...[Includes one data chart]
Mortgage banking continued to be very profitable for most of the hundreds of banks involved in the industry in 2010, but earnings fell significantly from the previous year, according to a new ranking and analysis by Inside Mortgage Trends. Newly released call report data show...[Includes one data chart and one graph]