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Inside The GSEs
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Freddie MBS Grew Faster than Fannie Sector in 2018

January 25, 2019
The supply of Freddie Mac single-family mortgage servicing rights grew at more than twice the rate of increase in Fannie Mae product during 2018, according to a new Inside the GSEs analysis and ranking. [Includes two data charts.]
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JPM Packs GSE-Eligible Collateral into a $978 Million Non-Agency MBS

January 16, 2019
Brandon Ivey
Roughly 42 originators are providing collateral for the JPM MBS…
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GSE Market Shifted Toward Megabanks in 4Q18

January 16, 2019
John Bancroft
Chase’s secondary market patterns are typically herky-jerky…
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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...
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Private MIs Boost Share of Agency Purchase Loans

January 16, 2019
John Bancroft
The FHA share of insured purchase loans has been falling…
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Short Takes: Mr. Cooper Cuts Jobs in California / Blackstone’s Finance of America Unit Will Close Roseville Office / loanDepot Courting Wells Fargo LOs? / Freshman Socialist Will Sit on the HFSC / A New Hire for Nations Lending

January 16, 2019
Paul Muolo
Socialist Rep. Alexandria Ocasio-Cortez, D-NY, will sit on the House Financial Services Committee, which oversees banking, mortgages, as well as Fannie Mae and Freddie Mac.
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Residential Production Falls 17 Percent at Wells Fargo, Mortgage Profits Plunge

January 15, 2019
Paul Muolo
Management blamed the lower figures on “seasonality.”
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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...
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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.
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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...
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