Prime non-agency MBS issuance increased by 4.3% on a sequential basis in the fourth quarter though for the full year volume was down 64.1%.

One positive: Financing for retail properties and hotels actually saw gains in the fourth quarter.

“There’s a big gap between what people are currently paying for insurance and probably what needs to be collected to cover damages,” said Dave Burt, CEO of DeltaTerra Capital.

The impairment rate on securitized non-QMs increased by more than 100 basis points between August and December.

FHA’s share of the primary mortgage insurance purchase business grew from 25.7% in 2022 to 32.1%.

Demand for purchase mortgages declined last week even as interest rates stayed level.

loanDepot won't assess late fees for its servicing customers for January payments until after the end of the month.

Thanks to a steady decline in mortgage rates during the last quarter of 2023, the bond market has been rallying of late, lifting MBS values.

Mortgage origination revenue at FICO more than doubled in the fourth quarter of 2023 compared with the fourth quarter of 2022.

CrossCountry Mortgage will be the first MBS issuer to exclusively use the new FICO 10-T credit scoring model.