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Ginnie MBS Issuance Declines in October

November 7, 2023
Brandon Ivey
Both FHA and VA volume in Ginnie MBS issuance declined on a monthly basis in October.
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Earnings Decline for Ocwen, Growth Plans Ensue

November 7, 2023
Paul Muolo
Ocwen management estimates its book value is $58.00 per share.
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Going Into Winter, Agency MBS Issuance Begins to Slump

November 6, 2023
John Bancroft
In October, the top five volume leaders in agency MBS issuance were all nonbanks, led by PennyMac Financial...
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BLS: 6,800 Mortgage Jobs Were Lost in September

November 6, 2023
Paul Muolo
Almost 30,000 mortgage-banking jobs have evaporated over the past 12 months...
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Large Servicers Gain Market Share in Third Quarter

November 3, 2023
John Bancroft
The combined servicing portfolio of the top 50 servicers grew at more than double the rate of increase for total servicing outstanding in the third quarter.
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Large GSE Servicers Growing Via Acquisitions

November 2, 2023
Dennis Hollier
Acquisitions helped boost Mr. Cooper to the third largest GSE servicer as of the end of September, up from number eight in the ranking as of the end of June.
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Mortgage-Banking Income at Banks Increases

November 1, 2023
John Bancroft
Among a group of 26 banks, mortgage banking income increased by 9.9% in the third quarter.
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Mortgage-Related Complaints to CFPB Decline

October 31, 2023
Namrata Bhatia
Complaints about mortgages were down 6.2% compared with the second quarter.
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Not a Pretty Picture for Commercial MBS Issuance in 3Q23

October 30, 2023
John Bancroft
For the first nine months of 2023, the market was down 43.1% from a year ago...
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Underwriting on Fannie/Freddie Loans Tightens in 3Q23

October 30, 2023
Brandon Ivey
Underwriting trends largely held steady for refis in the third quarter...
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