Mortgage Insurance Activity Declines in First Quarter April 25, 2023 John Bancroft Loans with MI represented 63.8% of total mortgage-backed securities issued by Fannie, Freddie and Ginnie in the first quarter.Read More
First Republic to Reduce Portfolio After Tough First Quarter April 25, 2023 James Dohnert First Republic Bank plans to shift to originating loans for sale into the secondary market.Read More
Martell Takes in $16.4 Million for Restructuring loanDepot April 25, 2023 Paul Muolo In 2022, loanDepot lost $610.3 million compared to a profit of $623.1 million the year before.Read More
Short Takes: Deposits Flee First Republic / Expanded-Credit MBS from Barclays / New Fannie CRT / Home Improvement Securitization April 25, 2023 Brandon Ivey First Republic is altering its originate-to-hold strategy as deposits shrink.Read More
Industry Frustrated as New LLPA Structure Nears April 24, 2023 Dennis Hollier Industry stakeholders believe the new upfront fee changes are unworkable and penalize more qualified borrowers.Read More
Banks Pulling Back on Jumbo Lending? Looks That Way April 24, 2023 James Dohnert However, a Goldman strategist said residential lending should avoid the pain that will be more pronounced in other sectors.Read More
Mortgage Securitization Rate Declines in 2022 April 21, 2023 John Bancroft A larger portion of GSE-eligible mortgages didn't make it into MBS in 2022.Read More
Margins Shrink Further at PrimeLending in First Quarter April 21, 2023 Brandon Ivey The lender expects that margins will improve somewhat later this year.Read More
Short Takes: Recession Coming / Fannie Adjusts Home Price Expectations / Interest Rates Too High April 21, 2023 Brandon Ivey A modest recession is likely in the second half of 2023, according to economists at Fannie Mae.Read More
A Slight Increase in Share for Private MIs in First Quarter April 20, 2023 Namrata Bhatia The private MI share of purchase mortgages with primary mortgage insurance hit 48.4% in the first quarter of 2023.Read More
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