Tough (Mortgage) Sledding for the Megabanks in 4Q22 January 19, 2023 Paul Muolo Some of the sequential declines in originations were brutal...Read More
For the First Time Since Early 2019, Ginnie Issuance Below $100B January 18, 2023 Andras Malatinszky The VA side of the aisle took a larger hit, plummeting 23.6% to $39.72 billion...Read More
Non-QM Performance Skids For a Third Straight Month January 18, 2023 Brandon Ivey Total impairments on securitized non-QMs reached 4.2% in November...Read More
An Ugly 4Q22 Decline for EC MBS January 17, 2023 Brandon Ivey JPMorgan Chase was the top prime-jumbo and EC MBS underwriter in 2022...Read More
A Decent 4Q22 for Jumbo Bellwether FRB January 17, 2023 Paul Muolo Compared to the megabanks, it might be said that FRB’s mortgage business has held up fairly well...Read More
RMBS Issuance Stumbles to Lowest Output Since 2013, Some Life in Seconds January 13, 2023 John Bancroft The only gain was the niche market in securitized second-lien mortgages.Read More
Wells Reports 4Q Results, Residential Fundings Down Almost 70% Compared to a Year Ago January 13, 2023 Paul Muolo Overall, home lending earnings at Wells fell to $786 million in 4Q22, down 19.2% sequentially...Read More
Short Takes: Staying In the Game / JPM and BofA / Easy Money, Not Destined to Last / Footnote on Wells / FHA? / Publishing Break January 13, 2023 Paul Muolo and Brandon Ivey The residential finance sector is going through a cleansing of sorts that will result in a leaner, meaner industry...Read More
Ginnie Mae Paces Agency MSR Growth, Nonbanks Stall January 12, 2023 Macie Jones There's headwinds in the origination market, but servicing continues to grow, especially government product...Read More
MI Written Down in 4Q22, FHA Gains Market Share January 12, 2023 Brandon Ivey PMI on purchase mortgages delivered to the GSEs declined by 33.9% from 3Q22...Read More
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