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On the Way Up: Delinquencies. More Turbulence Ahead

February 27, 2023
Brandon Ivey
MBA's Marina Walsh attributed the uptick in delinquencies to a weakening economy and “ongoing inflationary pressures.”
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Short Takes: The Channel Market Leaders / An Overwhelming Share for UWM / The Buggy Whip Business Analogy / Turning the Corner / A $2B GNMA Package

February 24, 2023
Paul Muolo
Phoenix Capital is out with another auction notice on mortgage servicing rights...
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Among the Three Channels, Retail Suffered the Most in 4Q22

February 23, 2023
John Bancroft
Retail typically thrives in heavy refinance markets but that's not where we were in 4Q...
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CFPB Enforcement Activity Down 61% (That's Correct) in FY22

February 22, 2023
Sam Manas
The CFPB provided “conflicting data” about investigations opened in fiscal years 2014 through 2016, the attorney said...
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Bank, Thrift Holdings of MBS Lowest Since 3Q20

February 22, 2023
John Bancroft
Note: It doesn’t appear that banks are selling MBS in any grand way.
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FHA Gains MI Share in a Difficult 4Q22

February 21, 2023
John Bancroft
Private MI and VA saw the biggest declines during the period.
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Ginnie MBS Declines Slow in January

February 14, 2023
Brandon Ivey
Ginnie issued around $27.10 billion in MBS with single-family mortgages in January, a 5.7% decline from December and notably smaller than that month's decline of 14.2%.
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Non-Agency CMBS Tanks in 4Q22, Agency Multifamily Edges Up

February 10, 2023
John Bancroft
Lodging was the only major property type to get traction in the fourth quarter.
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A $1M Profit at Mr. Cooper as Lending Suffers but MSRs Buoy

February 10, 2023
Paul Muolo
Management shelled out $23 million during 4Q to cover severance payments to laid off workers and for property consolidation.
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4Q Product Mix Analysis: Conventional Hit the Hardest

February 9, 2023
John Bancroft
Government-insured lending looked almost alive in comparison...
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