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.Read More
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.Read More
FHA and VA Lending Increases in Second Quarter September 1, 2023 Brandon Ivey FHA lending growth outpaced VA in the second quarter.Read More
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.Read More
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.Read More
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.Read More
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.Read More
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.Read More
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.Read More
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.Read More