High-Risk Lending Edges Up at Fannie and Freddie January 18, 2022 Namrata Bhatia Meanwhile, the share of low-risk loans — those with credit scores above 700 — dropped to 68.5%...Read More
A Production Decline and Lower Mortgage Earnings for Truist January 18, 2022 Paul Muolo The weighted average coupon of Truist's MSR portfolio: 3.44%...Read More
Non-Agency MBS Issuance Climbs to Post-Crisis High in 2021 January 14, 2022 John Bancroft The biggest growth was in securitization of recently originated jumbo loans and expanded-credit mortgages.Read More
JPMorgan Surpasses Wells in Residential Lending January 14, 2022 Paul Muolo Both banks reported lower gain-on-sale margins in 4Q21, a reflection of stiffer competition in the primary market. Read More
HUD Needs More Controls Over FHA Refunds, OIG Says January 14, 2022 Monica Hogan HUD calculates $384.7 million in refunds was unclaimed as of June 16, 2020.Read More
Nonbank (Agency) MSR Market Share Just Shy of 61% at Yearend January 13, 2022 John Bancroft Depository institutions increased their agency mortgage servicing rights by just 0.4% during the final three months of the year.Read More
Ginnie EBOs, Non-QMs Spur Strong Whole-Loan Trading Results January 13, 2022 Paul Muolo "It was a barbell type of year,” said MIAC's Brendan Teeley...Read More
It's Official: CoreLogic’s Martell Departs as President and CEO January 12, 2022 Paul Muolo A few months back, CoreLogic was sold to Stone Point Capital and Insight Partners for roughly $6 billion.Read More
Non-Agency MBS Issuance Tops Pre-Pandemic Levels in 2021 January 11, 2022 Brandon Ivey Expanded-credit MBS issuance also increased in 2021, though it remained below the level seen in 2019.Read More
Earnings Season is About to Start. Hope for Mortgage Bankers? January 11, 2022 As Wedbush Securities notes in a new report, “We expect lower prepayment speeds should lead to positive marks on MSR values in the quarter.”Read More
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