Originations Down at U.S. Bank, Mortgage Profits Increase April 16, 2025 Paul Muolo At March 31, USB serviced $216.7 billion of one- to four-family mortgages, almost flat compared to yearend.Read More
BofA, Citi, PNC Report Sizeable Origination Declines April 15, 2025 Paul Muolo The home lending business was not a pretty place to be January-March.Read More
Large Nonbank Share of GSE MBS Issuance Increases April 15, 2025 Dennis Hollier Large nonbanks accounted for 52.6% of mortgages delivered to the government-sponsored enterprises in the first quarter of 2025.Read More
Servicing Sales Decline by Almost 43% in 1Q25 April 14, 2025 John Bancroft Onslow Bay Financial, a subsidiary of Annaly, was the biggest buyer of MSRs in the first three months of 2025.Read More
Short Takes: A Better Deal for Better / Giving Up Some Cash / MBS Prices? / A Strike by Investors? April 14, 2025 Paul Muolo At yearend 2024, Better had $211.1 million of cash on its balance sheet, down from $503.6 million 12 months earlier.Read More
Share of Mortgages With Higher Interest Rates Rising April 11, 2025 John Bancroft Mortgages with interest rates above 6.0% accounted for 18.2% of the agency servicing market as of the end of March.Read More
HECM Endorsements Decline in 2024 April 10, 2025 Brandon Ivey HECM endorsements declined by 8.6% on an annual basis in 2024.Read More
Residential MBS Issuance Slows in First Quarter of 2025 April 9, 2025 John Bancroft Most of the decline was in agency refinance business.Read More
Non-Agency MBS Issuance Increases in First Quarter of 2025 April 8, 2025 James Dohnert Expanded-credit mortgages accounted for 58.2% of collateral in non-agency MBS issued during the first quarter.Read More
A Comeuppance for Ginnie Securitizations in First Quarter April 7, 2025 Brandon Ivey The top three issuers of Ginnie MBS in 1Q25: PennyMac, UWM and Freedom Mortgage.Read More
RSS