Mortgage Applications Heat Up for the Week July 19, 2017 Sherry Muolo Applications are heading northward again...Read More
Ginnie Mae Continues to Lead the Pack in Agency Servicing Growth July 19, 2017 John Bancroft Outstanding MBS servicing at Fannie actually declined slightly in the second quarter… Read More
Fannie/Freddie Single-Family MBS Business Slumped in 2Q17; Bank and Thrift Business Weak July 18, 2017 John Bancroft Wells Fargo saw an 18.6 percent drop in its GSE business during the April-June cycle, but the three other megabanks had much bigger declines…Read More
Residential Production at BofA Rises 16 Percent; MSR Balances Continue to Fall July 18, 2017 Paul Muolo Compared to the same period a year ago, servicing balances have fallen by 19.5 percent.Read More
Bank Mortgage Repurchases Trend Lower July 18, 2017 John Bancroft Bank of America once again reported the biggest volume of residential loan repurchases: $421 million…Read More
Most Mortgage Gripes Plunge – Except for Loan Servicing July 18, 2017 Thomas Ressler Specialty servicers Ocwen and Ditech Financial ranked third and fifth, respectively, in mortgage complaints during the first six months of 2017, according to Inside the CFPB.Read More
Retail Channel Losing Steam in 2Q17 Agency Business; Brokers Rising July 17, 2017 John Bancroft Agency mortgages produced by mortgage brokers actually rose 4.4 percent in the second quarter, even as the overall market was falling 6.1 percent.Read More
MBS Trading Volume Increased in June, but… July 17, 2017 Paul Muolo It hasn’t been pretty the last couple of weeks for MBS values…Read More
UI: Single-Security Efforts Alleviated GSE Pricing Disparities July 17, 2017 Carisa Chappell Freddie Mac’s prepayment speeds are no longer faster than Fannie’s…Read More
Short Takes: LOs, You’ve Been Put on Notice / Citigroup’s MSR Holdings: Down 68 Percent / GOS Outlook / Two Harbors Prices Preferred Shares / Castle & Cooke Hires Compliance Manager July 17, 2017 Paul Muolo Mortgage gain-on-sale margins likely will be flat...Read More
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