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Short Takes: More Bulk Auctions for MSRs / AGNC Reports Preliminary Third Quarter Estimates / Delinquency Rate on the Rise / Home Seller Profit Margins Increase

October 24, 2023
James Dohnert
More bulk auctions of mortgage servicing rights are on the horizon; Real estate investment trust AGNC reports preliminary estimates for the third quarter of 2023; ICE reports that foreclosures increased in September; Attom finds home seller profit margins rose in 3Q.
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Small but Steady Growth for GNMA Servicing, but Delinquencies Rise

October 23, 2023
Monica Hogan
The bad news: FHA delinquencies jumped to 8.76%...
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CMG Primed for Growth in a Tough Market

October 23, 2023
Paul Muolo
CMG’s scorecard looks like this: 394 retail branches today compared to 241 a year ago.
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Originations Increase at Western Alliance, Margins Shrink

October 20, 2023
Brandon Ivey
Volume up, margins down.
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Delinquencies Increase in Agency Market

October 19, 2023
Brandon Ivey
The total delinquency rate on mortgages in agency MBS stood at 2.83% as of the end of September, up from 2.60% at the end of June.
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States Settle Mortgage Payment Fiasco With ACI

October 18, 2023
Sam Manas
ACI Payments erroneously charged payments on the accounts of 480,000 mortgage holders serviced by Mr. Cooper.
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Short Takes: CRA Rule Coming Tuesday / Applications Down / Trends in Non-QM Delinquencies / Closed-End Second Securitization

October 18, 2023
Brandon Ivey
Banking regulators plan to release a final rule Oct. 24 with revisions to standards under the Community Reinvestment Act.
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MSR Sales Increase Amid Consolidation

October 17, 2023
John Bancroft
The third quarter of 2023 ranked as the busiest market for MSR sales since the second quarter of last year, when $327.82 billion of MSR transfers closed.
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Short Takes: FHFA Plans Property Insurance Symposium / Forbearance Activity Dwindles / Record Futures Trading / More Jumbo MBS

October 17, 2023
Brandon Ivey
FHFA's symposium will focus on solutions for rising property insurance premiums.
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Chase, Wells Originations Down Slightly in Third Quarter

October 13, 2023
James Dohnert
Chase and Wells Fargo reported a slight dip in overall mortgage originations in the third quarter of this year.
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