Stung by Valuations, Bank MBS Portfolios Shrink August 19, 2022 John Bancroft One positive development: Bank holdings of Ginnie Mae pass-throughs and non-agency MBS increased slightly in 2Q22...Read More
Agency Mortgage Market Hit Hardest in 2Q22 Refi Collapse August 18, 2022 John Bancroft Originations of non-agency home loans saw a modest 3.4% increase from the first three months of the year...Read More
MBA: Only 57% of Lenders Were Profitable in 2Q22 August 18, 2022 Paul Muolo MBA's Marina Walsh: "Pulling out a profit in these difficult conditions is no easy feat.”Read More
More Troubling Signs: The Purchase Index, Homebuyers Nixing Deals August 17, 2022 Paul Muolo The trade group describes home-purchase demand as "rapidly drying."Read More
The Decline in GSE MBS Issuance Slows in July August 16, 2022 Dennis Hollier The top three GSE MBS issuers in July: Rocket Mortgage, UWM and PennyMac Financial, all nonbanks...Read More
Mortgage-Related Complaints Decline in 2Q22 August 16, 2022 Sam Manas Criticism about applications plunged 26% year over year...Read More
Agency Multifamily Market Heats Up, but Non-Agency CMBS Cools August 12, 2022 John Bancroft Many of the top agency multifamily lenders recorded hefty gains in quarterly volume, including Walker & Dunlop...Read More
Grapevine: Battle of the Mortgage Titans / Better August 11, 2022 Paul Muolo UWM outearned Rocket in the second quarter, but mortgage banking is a nine-inning game. Meanwhile, not only is Better.com struggling, so is its chief benefactor, SoftBank.Read More
Private Mortgage Insurance Share Rises Above 50% Mark in 2Q August 11, 2022 John Bancroft The six active private mortgage insurers provided coverage on $120.92 billion of new originations in 2Q22...Read More
UWM’s Ishbia Throws Down the Gauntlet: ‘We Control the Margins’ August 11, 2022 Brandon Ivey When it comes to GOS, UWM's Mat Ishbia says he's running the table...Read More
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