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Banks Could See Preemption Win in Supreme Court Case

February 28, 2024
Shannon Clark
The Supreme Court heard oral arguments Tuesday on whether states can require banks to pay interest on funds held in servicing escrow accounts.
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Mortgage Income at Banks Drops in Fourth Quarter

February 28, 2024
Andras Malatinszky
Banks' income from mortgage banking operations declined by 24.6% in the fourth quarter.
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MSR Fair Values Drive Loss at UWM in Fourth Quarter

February 28, 2024
Brandon Ivey
UWM's margins declined slightly in the fourth quarter but, for the full year in 2023, were well above the level seen in 2022.
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Short Takes: Cyber Attack to Cost loanDepot at Least $12 Million / Mortgage Applications Decline / Home Prices Up in December / Sales of New Homes Increase / Pretium Sells a Stake

February 28, 2024
Brandon Ivey
Insurance won't fully cover loanDepot's expenses from a cyberattack that occurred in January.
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Bank Holdings of MBS Increase in Fourth Quarter

February 27, 2024
John Bancroft
Holdings of residential MBS at banks increased by 5.6% in the fourth quarter of 2023, ending a two-year decline.
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GSE Conservatorship Not Expected to End Anytime Soon

February 27, 2024
James Dohnert
Despite underlying issues with the mortgage market, the FHFA's conservatorship over Fannie Mae and Freddie Mac looks unlikely to end.
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CFPB Officials Scrutinize Appraisal Foundation

February 27, 2024
Shannon Clark
CFPB officials directed critical questions at Appraisal Foundation President David Bunton during a recent hearing by the Federal Financial Institutions Examination Council’s Appraisal Subcommittee.
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MSR Fair Value Changes Prompt Loss for Ocwen

February 27, 2024
Brandon Ivey
Disregarding changes in MSR values, Ocwen's servicing business was profitable in 2023 while the nonbank's origination business broke even.
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Short Takes: Treasury Focusing on Property Insurance Costs / Chase Stocks MBS With HELOCs From Nonbanks / Great Ajax Turns to Rithm / KBW Sees Upside in GSE Stock

February 27, 2024
Brandon Ivey
The roundtable hosted by the Treasury focused on how the increased risks from climate change are affecting insurance markets.
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First-Time Homebuyer Share Increases in Agency Market

February 26, 2024
John Bancroft
The agencies securitized a combined $439.25 billion of first-time buyer loans in 2023, which represented 52.8% of agency purchase-loan business.
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Latest Imf News

  • Interest Rates on Mortgages Still Rising

  • GSEs Extend Deadline for Adoption of Uniform Appraisal Dataset Revision

  • Banks Reduce Holdings of Residential MBS in Trading Accounts

  • Insurance Affiliate to Buy Majority Stake in Invictus

More Imf News

Featured Data

  • Ginnie MBS Issuance Down in August as Refi Slide Continues

  • Banks Resume Adding to Mortgage Holdings in Second Quarter

  • Banks Continue to Add to Their ABS Portfolios

  • Jumbo Share of Originations Highest Since 2022

More Featured Data

Featured Reports

  • IMF Mortgage Directory: Full interactive database

  • Mortgage Servicing Rights Report: 2Q26 (PDF)

  • Agency Seller-Issuer Profile: 2Q26 (PDF)

  • Mortgage Profitability Report 2Q26 (PDF)

More Latest Reports

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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