Redfin: Lenders Lose Market Share on Purchase Deals January 10, 2023 Brandon Ivey Cash sales have gained market share during a time when mortgage financing typically increases...Read More
A New Reality for GSE Loans: Better FICOs, Lower LTVS January 9, 2023 Andras Malatinszky Notable: Roughly 9.9% of all purchase loans were in the under-60% LTV range, a 289-bps increase since the first quarter.Read More
New Securitization Sputters in Final Quarter of 2022 January 6, 2023 John Bancroft Another way to view it: 2022 was the seventh-highest annual output ever...Read More
The YOY Mortgage Job Loss Tally: 41,700, With More to Come… January 6, 2023 Paul Muolo At the end of November, firms classified by the federal government as “real estate credit” had 250,200 full-timers on their payrolls.Read More
Agency Market Staggers in December, Ginnie the Largest Issuer in 4Q at 38% January 5, 2023 John Bancroft In the fourth quarter, Ginnie was the largest issuer of agency MBS with a 38.1% share...Read More
Short Takes: loanDepot Tweaks Its Borrowing Facilities / SOFR In, LIBOR Out / Stock Vesting (and Holding) / Another ‘Raiding’ Lawsuit January 5, 2023 Paul Muolo and Dennis Hollier Mortgage insiders have been selling shares in their companies for well over a year now...Read More
As Lending Volumes Swoon, the Top Guns Gain Market Share January 4, 2023 John Bancroft The five largest producers raised their share to 29.5% in the third quarter, up from 28.9% in 2Q22...Read More
When in Doubt, Hold 'Em (First-Liens) December 30, 2022 Namrata Bhatia Wells Fargo, the bank with the largest first-lien portfolio, is still under growth constraints placed on it by the Fed...Read More
Headed Lower: MBS Trading Volumes... December 30, 2022 Paul Muolo In November, just $81.9 billion of MBS backed by single-family loans was issued by Fannie Mae, Freddie Mac and Ginnie Mae.Read More
Short Takes: It’s Over, Finally (2022) / By the Numbers / Once the Rightsizing Is Over… / $1.3 Trillion / Rising Inventory / A Day Off December 30, 2022 Paul Muolo There’s an argument to be made that once the tough job of right-sizing is over, profit margins will once again normalize...Read More
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