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Banks Keep Adding to Their First-Lien Portfolios

December 22, 2021
Among the 10 largest banks in terms of first-lien investments, only top-ranked Wells Fargo reduced its portfolio during the July-September period.
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Still No. 1 in Reverse Mortgage Lending: California

December 21, 2021
Monica Hogan
The second largest HECM state? Answer: Colorado...
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Correspondent Channel Up in Declining FHA/VA Market

December 20, 2021
John Bancroft
Correspondent, however, is below its former glories in the government-insured market...
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Banks Beat the Fed in MBS Investments in 3Q but Not By Much

December 17, 2021
John Bancroft
Although the central bank this week announced new plans to scale back growth in its holdings, it added $175.27 billion in 3Q21...
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Plenty of Home Equity but Consumers Just Aren't Tapping It

December 16, 2021
John Bancroft
Federally insured depositories reported $54.71 billion of closed-end second mortgages on their books, down 3.3%.
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Can Cash-out Refis Buffer the Layoff Picture?

December 15, 2021
Also, several shops are aggressively marketing to their servicing customers, pitching cash-out refis.
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Securitization Rate Declines as Agency Footprint Shrinks

December 15, 2021
John Bancroft
Originations of conventional-conforming and government-insured mortgages declined by 4.5% during 3Q21...
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Slow but Steady Growth for the Subservicing Sector

December 14, 2021
Paul Muolo
The biggest issue for the sector rests on the future of market leader Cenlar FSB, which in October was sanctioned by the OCC...
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Banks Report 3Q21 Decline in Mortgage Repurchases

December 14, 2021
John Bancroft
Wells Fargo repurchased $46.0 million of residential loans during the third quarter, tops among all depositories...
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Production Income Gains as Servicing Turns Profitable

December 13, 2021
John Bancroft
Figures gathered by the Mortgage Bankers Association suggest that production and secondary marketing income rose on a per-loan basis even though production efficiency was off.
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