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GSE Investment-Property Business Drops in Second Quarter

August 20, 2021
Brandon Ivey
GSE securitization of investment-property mortgages fell by 33% on a sequential basis in the second quarter, while overall single-family GSE activity was down only 5%.
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Non-Agency Lending Jumps in 2Q, Agency Production Declines

August 19, 2021
John Bancroft
Production of jumbos and expanded-credit mortgages spiked while agency lending deflated.
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GSE CRT Issuance Slows in Second Quarter

August 18, 2021
John Bancroft
Freddie's issuance fell by more than 50% from the first quarter and Fannie remained inactive.
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FHA Lending Up, VA Down in Second Quarter

August 17, 2021
John Bancroft
VA Interest Rate Reduction Refinance Loan volume declined by nearly 40% in the second quarter.
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Rocket Posts Lower 2Q Profits and Originations, but Forecasts Record Lending in ‘21

August 13, 2021
Paul Muolo
Overall, the Detroit-based company funded $83.8 billion in 2Q compared to $103.5 billion in 1Q...
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Short Takes: Pipeline Protection? The GSEs? / A Wholesale Issue / Phoenix Capital Offers Bulk MSRs / A Loss for Impac

August 13, 2021
Paul Muolo, Brandon Ivey, and Dennis Hollier
JMP said it sounds like “these actions” by the GSEs “primarily targeted nonbank wholesale channel lenders, of which UWM [United Wholesale Mortgage] and HMPT are among the largest.”
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Private MI, FHA Market Shares Rebound in Second Quarter

August 12, 2021
John Bancroft
Credit losses at the private mortgage insurers fell 47.5% from 1Q21 to 2Q21...
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A Slim 2Q Profit for Guild, A Loss for Finance of America

August 12, 2021
Paul Muolo
The "Big Kahuna" of mortgage banking, Rocket Companies, reports 2Q21 results after the stock market closes on Thursday...
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CFPB Gives Servicers Decent Grade on Forbearance Work. However…

August 11, 2021
Lisa Burden
The agency noted, “A few servicers were outliers, reporting relatively higher average time to answer and abandonment rates.”
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Depositories Report 2Q21 Slump in Mortgage Banking Income

August 10, 2021
John Bancroft
Overall, Wells Fargo continued to post the biggest earnings of the group...
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Latest Imf News

  • Subservicing Volume Down at Rocket, Cenlar in 2Q

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Featured Data

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