Bulk MSR Transfers Soar in Massive 2Q22 Reshuffling July 18, 2022 John Bancroft Year-to-date transfers of Fannie Mae, Freddie Mac and Ginnie Mae servicing hit $561.35 billion, setting a pace for a $1 trillion year.Read More
First-Lien Lending Slips at BofA, Second-Lien Production Jumps July 18, 2022 Paul Muolo BofA said its new mortgage customers had an average loan-to-value ratio of 70% in 2Q22...Read More
Non-Agency MBS Issuance Down 22% in 2Q22 July 15, 2022 John Bancroft The top three non-agency issuers for the first six months of 2022: JPMorgan, Goldman Sachs and Onslow Bay...Read More
2Q22 Results: Originations Fall at Wells Fargo, MSRs Get Marked Up July 15, 2022 The stagecoach added that year-over-year results were partially offset by higher mortgage servicing income.Read More
Nonbank MSR Footprint Shrinks in 2Q22 Selloff July 14, 2022 John Bancroft Bulk sales of agency MSRs played a significant role in the second quarter...Read More
Lower 2Q22 Originations for JPM, a Nice Gain for Jumbo Specialist FRB July 14, 2022 Paul Muolo JPM is the first publicly traded bank or mortgage company to report 2Q22 results.Read More
MBS Issuance Down Sharply in 2Q22, ABS Gains July 13, 2022 John Bancroft Most of the civilized world saw the refi slump coming, but the GSEs posted a 3.7% drop in purchase-mortgage business...Read More
Ginnie Issuance Declines Even as Purchase Mortgages Gain July 12, 2022 Monica Hogan The top-ranked Ginnie MBS issuer in 2Q22 was PennyMac Financial...Read More
Fannie/Freddie Exposure to New Fee on Commingled Securities Differs July 12, 2022 Dennis Hollier Fannie and Freddie have very different levels of exposure to uniform MBS issued by the other...Read More
Non-Agency MBS Issuance Down Sharply in 2Q22 July 11, 2022 Brandon Ivey Spreads on ECM deals priced in May were near levels last seen in the early days of the pandemic...Read More
RSS