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Servicing Earnings Jump in Second Quarter

September 5, 2023
John Bancroft
Among a group of public mortgage companies income from servicing soared from $397.5 million in the first quarter to $1.87 billion in the second.
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Mortgage Bankers Continue to Trim, Brokers Add Jobs

September 5, 2023
Paul Muolo
The Federal Reserve will announce its next decision on interest rates on Sept. 20.
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FHA and VA Lending Increases in Second Quarter

September 1, 2023
Brandon Ivey
FHA lending growth outpaced VA in the second quarter.
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Chase Becomes Top Jumbo Servicer in Second Quarter

August 31, 2023
James Dohnert
Chase tops the competition in the jumbo servicers market in the second quarter of 2023.
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Blend’s CEO Granted New Compensation Package

August 29, 2023
Paul Muolo
Like most mortgage-related firms, Blend has struggled with lower originations, which has translated into declining revenue.
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Federally Insured Depositories Continue to Cut Bait on MBS

August 28, 2023
John Bancroft
Bank MBS holdings have now declined for six straight quarters after peaking at the end of 2021.
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Wholesale Channel Share Hits Post-2009 High

August 25, 2023
John Bancroft
The wholesale-broker share of originations hit 16.8% in the second quarter.
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FHLBank Profits Up in 2Q; Advance Usage Declines

August 24, 2023
Dennis Hollier
Income generated by the 11 FHLBanks increased by more than 20% on a quarterly basis in the second quarter while FHLBank advances outstanding declined.
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GSE CRT Activity Jumps in Second Quarter

August 23, 2023
Dennis Hollier
The April-June period marked the second consecutive quarter in which Fannie Mae's CRT issuance exceeded Freddie Mac's, an unprecedented period of CRT dominance for Fannie.
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Delinquencies Up at Large Servicers in Second Quarter

August 22, 2023
Brandon Ivey
The total delinquency rate for a group of 30 large servicers hit 3.16% at the end of June, up from 2.99% at the end of March.
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