Veterans United Leads FHA/VA Correspondent Sellers in 2022 May 10, 2023 Brandon Ivey While correspondent sales of FHA/VA loans declined in 2022, Veterans United increased its sales volume.Read More
Chase to Surpass Wells as Largest Servicer May 9, 2023 John Bancroft Wells is shrinking its servicing portfolio while Chase is growing.Read More
A Spring Thaw for Agency MBS Issuance: April Volume Rises 16% May 8, 2023 John Bancroft Note: The average interest rate on Ginnie refi loans was 5.93%.Read More
In Early Spring, Mortgage Shops Continued to Cut Heads May 8, 2023 Paul Muolo There have been scattered reports of improving applications and profit margins...Read More
Large Firms Gain GSE Servicing Share, Led by Chase May 5, 2023 Dennis Hollier The big servicers got a little bigger and Chase overtook Wells as the largest GSE servicer in the first quarter.Read More
Delinquencies on Agency Loans Down in First Quarter May 4, 2023 Namrata Bhatia Improvements in loan performance were seen across Fannie Mae, Freddie Mac and Ginnie Mae.Read More
MSR Transfers Cool Off in First Quarter May 3, 2023 John Bancroft Transfers of agency mortgage servicing rights in the first quarter of 2023 dropped 50.1% compared with the previous quarter.Read More
Ginnie Early Buyouts Limited in First Quarter May 2, 2023 Brandon Ivey With interest rates elevated, there's little incentive for servicers to exercise early buyouts.Read More
How Low Did 1Q Get? Just $290 Billion in Home Mortgages Funded May 1, 2023 John Bancroft The top three volume leaders in 1Q23: PennyMac Financial, United Wholesale Mortgage and Rocket Mortgage...Read More
Short Takes: At FRB Friday It Was Take a Number / Plenty of IOs / Top MSR Buyers? / What’s It Going to Be, FOMC? / Stable Margins May 1, 2023 Paul Muolo It will be interesting to see what JPM does with all those interest-only jumbos...Read More
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