Ginnie MBS Issuance Up Nearly 10% in February March 20, 2024 Brandon Ivey The increase was driven by refinances, particularly VA refis.Read More
ARM Share Ticks Up in 2023; Volume Down March 19, 2024 James Dohnert ARMs accounted for 14.3% of total originations last year, up from a 13.8% share in 2022.Read More
MBA: Steep Origination Losses for 4Q23, Just 29% of Lenders are Profitable March 18, 2024 Paul Muolo MBA said lenders were unable to "sufficiently adjust resources to align with fluctuating rates and volumes"...Read More
Banks Add to Whole-Loan Holdings in Fourth Quarter March 15, 2024 John Bancroft Banks, thrifts and credit unions ended the year with $3.551 trillion of unsecuritized home loans on their books, a gain of 0.8% from the third quarter.Read More
Short Takes: NAR Settles Commission Litigation / Servicing Stats / Hearing to Look at Homebuyers / Housing Improving March 15, 2024 John Bancroft and Brandon Ivey NAR's settlement essentially eliminates the requirement for home sellers to pay a fee to the homebuyer's real estate agent.Read More
Bank Retail Lending Declines in Fourth Quarter March 14, 2024 Namrata Bhatia Retail mortgage originations by banks and thrifts declined by 16.6% in the fourth quarter.Read More
Profits at FHLBanks More Than Doubled in 2023 March 13, 2024 Dennis Hollier Outstanding advances were down for the year after a surge in the first quarter.Read More
Another Tough Quarter for loanDepot March 13, 2024 Paul Muolo Companywide, revenue last year came in at $974.0 million, down 22.3% from 2022.Read More
Mortgage Earnings at Large Nonbanks Plummet in 4Q March 12, 2024 John Bancroft Earnings from mortgage banking declined by 60.2% among 14 publicly traded nonbanks in the fourth quarter.Read More
A Refi Wavelet in February Gives Hope to a Market Turnaround March 11, 2024 Paul Muolo The top three MBS issuers in February: UWM, PennyMac and Rocket Mortgage.Read More