Jumbo Correspondent Share Declines After Wells’ Exit March 28, 2024 James Dohnert Wells was largely done with purchasing jumbo loans through the correspondent channel by the end of the first quarter of 2023.Read More
Mortgage Profitability Declines in Fourth Quarter March 27, 2024 John Bancroft Earnings from both originations and servicing took another hit in the fourth quarter of 2023.Read More
Banks Add to MBS and ABS Trading Accounts March 26, 2024 John Bancroft The industry’s aggregate trading-account portfolio, which is measured in fair value, has been growing since the start of 2022.Read More
Conduit CMBS Losses Lowest Since 2009. (Not a Typo) March 25, 2024 Brandon Ivey Retail properties accounted for 68.5% of total losses...Read More
The 4Q23 Buyback Picture: a Sharp Decline at Freddie, an Increase for Fannie March 25, 2024 John Bancroft Most lender buybacks are linked to mortgage-backed securities issued within the past two years.Read More
Home Equity Lending Declines in 2023; HELOCs Lose Share March 22, 2024 Brandon Ivey Closed-end second liens accounted for an estimated 19% of home equity production in 2023, up from a 13% share in 2022.Read More
MBS Investors Beyond Fed Add to Holdings in 4Q March 21, 2024 John Bancroft Most major investor categories increased their holdings of MBS during the fourth quarter, while the Fed continues to let its holdings slowly run off.Read More
Ginnie MBS Issuance Up Nearly 10% in February March 20, 2024 Brandon Ivey The increase was driven by refinances, particularly VA refis.Read More
ARM Share Ticks Up in 2023; Volume Down March 19, 2024 James Dohnert ARMs accounted for 14.3% of total originations last year, up from a 13.8% share in 2022.Read More
MBA: Steep Origination Losses for 4Q23, Just 29% of Lenders are Profitable March 18, 2024 Paul Muolo MBA said lenders were unable to "sufficiently adjust resources to align with fluctuating rates and volumes"...Read More