ICA Hits the MSR Auction Circuit With a $9.4B Deal January 18, 2024 Paul Muolo ICA is working on roughly $50 billion of MSR deals...Read More
Morgan Stanley Readies Jumbo MBS January 18, 2024 Brandon Ivey It's only the second jumbo MBS in the market thus far in January.Read More
Short Takes: Rate Locks Decline / List of Assumable Mortgages / Mortgage Matchup / Few Home Sales in CA January 18, 2024 Brandon Ivey Rate locks declined by 14% on a monthly basis in December, driven by fewer locks for purchase mortgages.Read More
Sales to GSEs Fall Off in 2023, UWM Remains Leader January 17, 2024 Dennis Hollier The dollar volume of mortgages going to Fannie Mae and Freddie Mac declined by 47.3% compared with 2022.Read More
Former MBA Chief, FHA Commissioner Dave Stevens Dead at 66 January 17, 2024 Paul Muolo During the COVID crisis Stevens served as an unofficial policy advisor to elected officials and regulators, making the case for interest rate cuts and liquidity measures.Read More
Slight Decline in Mortgage Earnings at U.S. Bank January 17, 2024 Brandon Ivey U.S. Bank generated $137 million in mortgage-banking revenue in the fourth quarter, down 4.9% from the third quarter.Read More
SCOTUS Escrow Case About More Than Escrows January 17, 2024 Brandon Ivey The case will determine the extent to which federal regulators can preempt state laws.Read More
Short Takes: Purchase-Mortgage Demand Lagging / Few Losses on Nonprime MBS / Broker Advocacy Group Goes Independent / New CEO at Ranieri Solutions January 17, 2024 Brandon Ivey Applications for purchase mortgages in early January were down 20% on an annual basis.Read More
Non-Agency MBS Issuance Down 41% in 2023 January 16, 2024 John Bancroft Volume was down on an annual basis across prime, subprime, Alt A and scratch-and-dent deals.Read More
Wells Touts Progress Reducing Mortgage Footprint January 16, 2024 Brandon Ivey Wells Fargo reduced the employee count in its home lending division by 36% on an annual basis in 2023.Read More