A Study Low: Mortgage Bankers Lost $624 Per Loan in 3Q22 November 21, 2022 Paul Muolo “With prepayments and delinquencies low, mortgage servicing has been the difference for many companies between profitable or not,” said Marina Walsh...Read More
A Stunning MSR Asset Gain of 46% for Depositories November 21, 2022 Namrata Bhatia Only two of the top 10 banks reduced their MSR values in 3Q22: Wells Fargo and BofA...Read More
Higher Interest Rates Juice FHLB Earnings in 3Q22 November 21, 2022 Dennis Hollier The biggest jump was at the Cincinnati FHLB...Read More
A Steeper Production Loss in 3Q22: $624 Per Unit November 21, 2022 Paul Muolo Mortgage professionals hope the third quarter was the nadir...Read More
Banks Post Another Decline in Residential MBS Holdings in 3Q22 November 18, 2022 John Bancroft In addition, banks reported $35.6 billion of MBS in trading accounts, a significant 87.1% jump from 2Q22...Read More
MSR Market Watches for Smoke Signals From the Fed November 18, 2022 John Bancroft There's an iceberg of low-coupon MSRs out there...Read More
Short Takes: What, Good News? / Second That Emotion / Mad at Bullard / The MSR Auction Circuit / An Inversion Here Too November 18, 2022 Paul Muolo What's this about mortgage rates falling?Read More
FHA Ekes Out Slight 3Q22 Gain as Other MIs Fade November 17, 2022 John Bancroft The biggest problem for the PMIs: a 13.7% decline in new purchase business...Read More
Mortgage Company Layoffs? Yes. WARN Act Filings? Not So Much November 17, 2022 Paul Muolo There seems to be a bit of confusion in the industry regarding when mortgage bankers need to register layoff notices with the states.Read More
G-Fees Rise — Thanks to the ‘Adverse Market’ Refi Charge November 17, 2022 Dennis Hollier FHFA said upfront fees jumped from 11 bps to 13 bps...Read More
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