Prime Non-Agency MBS Ticks Up in Fourth Quarter February 6, 2024 James Dohnert Prime non-agency MBS issuance increased by 4.3% on a sequential basis in the fourth quarter though for the full year volume was down 64.1%.Read More
Short Takes: Another Exit From Wholesale / 100 Affected / Job Losses / UWM’s Big MSR Sales / A Celebration of Dave Stevens February 5, 2024 Paul Muolo In December, mortgage banking firms shed 500 full-time workers from their payrolls...Read More
Nonbanks Gain More Servicing Share in Fourth Quarter February 2, 2024 John Bancroft A big chunk of the nonbank gains came through secondary-market acquisitions.Read More
FHA Share of MI Coverage Increases in 2023 February 1, 2024 Namrata Bhatia FHA’s share of the primary mortgage insurance purchase business grew from 25.7% in 2022 to 32.1%.Read More
Large GSE Servicers Gain Share in Fourth Quarter January 31, 2024 Dennis Hollier The GSE servicing share among large independent mortgage banks went from 36.6% at the end of September 2023 to 36.9% at year-end.Read More
Mortgage-Related Complaints to CFPB Decline Slightly January 30, 2024 Andras Malatinszky Mortgage borrowers filed only 2.4% fewer complaints last year than in 2022.Read More
A ‘Preliminary’ Profit for Mr. Cooper, MSRs Sized at $992B January 29, 2024 Paul Muolo In trading Monday, Mr. Cooper's common neared a new 52-week high...Read More
Lenders Derisk on GSE Loan Deliveries January 29, 2024 Andras Malatinszky The volume of loans with an LTV of 81% or above dropped by 18.5%.Read More
Originations Slump in Fourth Quarter January 26, 2024 John Bancroft Originations in 2023 were at the lowest level seen since 2014.Read More
Home Equity Securitization Up Sharply in 2023 January 24, 2024 Brandon Ivey The surge in securitization is driven by nonbanks that have boosted home equity lending as refinance business dried up in 2023.Read More
RSS