Slip Sliding Away: Megabanks’ Share of the GSE Servicing Pie January 22, 2020 John Bancroft Then again, not all banks are pulling back from agency servicing…Read More
Mortgage Bellyaching Plunges to Record Low in 4Q19 January 22, 2020 Yemeng Yang For the full year of 2019, total mortgage complaints from end users were down 9.1%...Read More
GSEs Tops Among Mortgage Stocks in 2019 January 21, 2020 Paul Muolo No other mortgage stocks came close but there were strong valuation gains from PennyMac Financial Services, up 60% for the year, and in the mortgage insurance sector. Read More
Nonbank Market Share Sets New High in Agency Business January 21, 2020 John Bancroft Only two banks ranked among the top agency sellers last year: Wells Fargo and JPMorgan Chase. Read More
HUD Criticized for Handling of Personal Records January 17, 2020 Brandon Ivey The HUD IG said it will provide a broader accounting of the issue when it publishes a formal report. Read More
Surprise: A Huge Spike in Housing Starts. However... January 17, 2020 Dennis Hollier MBA's Frantantoni suggested the suddenness of the spike in housing starts may indicate it’s temporary...Read More
A Milestone: Non-Agency MBS Issuance Hits a Post-Crisis High in 2019 January 17, 2020 Fun Fact: The expanded-credit MBS sector posted a hefty 130.3% jump in new issuance during 2019… Read More
Megabanks Begin Reporting Mortgage Results. A $700B Quarter? January 16, 2020 Paul Muolo Last but not least: U.S. Bank, which funded $17.5 billion, a 10.8% improvement from the third quarter. Read More
Mortgage Insurers See Explosion in Refis, Purchase Business January 16, 2020 John Bancroft Private MIs insured $60.97 billion of refinance loans delivered to Fannie and Freddie in 2019, more than triple their total for the prior year. Read More
SFR Securitizations Flounder Without Invitation Homes January 15, 2020 Brandon Ivey Some $4.47 billion of single-family rental securities were issued in 2019, a 35% drop from the previous year… Read More
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