U.S. Bank Bucks the Trend, Increases Home Lending in 3Q. A Large Decline for BofA October 17, 2022 Paul Muolo BofA also reduced its home-equity volume, producing $2.4 billion of loans in 3Q22 compared to $2.5 billion the quarter before...Read More
As Midterms Approach, Optimism Regarding a MIP Cut Grows October 17, 2022 Monica Hogan A MIP cut soon? FHA Commissioner Julia Gordon is speaking next week at the annual MBA convention...Read More
Marlin's MSR Holdings Top $45 Billion With Room to Grow... October 17, 2022 Paul Muolo Marlin's Andrew Weber: “There’s a lot of servicing out there that’s going to come forward into the market."Read More
Non-Agency MBS Market Runs Aground in 3Q22 October 14, 2022 John Bancroft It was the steepest decline since COVID, when production plummeted 45.1% in the second quarter of 2020.Read More
Mortgage Bellwethers Wells and JPM Disclose 3Q Originations. It’s Not Pretty October 14, 2022 The only silver lining: Both saw the asset value of their servicing portfolios rise in the quarter, JPM’s by 7%, Wells 9%.Read More
A 34% Production Decline at First Republic October 14, 2022 Brandon Ivey The bank's originations lean heavily toward jumbos...Read More
What Goes Up, Comes Down: Nonbank Repo Lines October 14, 2022 Paul Muolo One veteran warehouse manager, requesting anonymity, said his nonbank clients are looking to reduce spending anywhere they can.Read More
Short Takes: GSEs Need to Update Pricing / Edicts for Fannie and Freddie / A Better Talent Pool? / Rocket CEO Keeps Buying Shares / Regulatory Update October 14, 2022 A better employee talent pool may be headed Fannie's and Freddie's way...Read More
Nonbank Share of Ginnie MSR Market Just Shy of 80% at Sept. 30 October 13, 2022 John Bancroft Will changes to the eligibility rules alter the incredible grip nonbanks have on the GNMA market?Read More
Two Harbors Pre-Announces 3Q Results, Makes a Big Adjustment to BV October 13, 2022 Paul Muolo These are not fun times for publicly traded mortgage stocks. REITs are no exception...Read More
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