The Winter Tally: Agency MBS Production Falls Sharply in February March 4, 2022 John Bancroft The 21.5% decline in agency single-family MBS production in February may signal a deeper shift in mortgage market tectonics...Read More
As Lenders Cut Heads, a Migration to Loan Brokerage Shops? March 4, 2022 Paul Muolo "Massive" layoffs by mortgage bankers? That's how one CEO sees it...Read More
Refis Down 7.4% in 4Q, Purchase Lending Down Even More March 3, 2022 John Bancroft The top three purchase-money lenders in 2021: PennyMac Financial Services, UWM and Wells Fargo...Read More
Moves by Key Investors Lift Bank ABS in Fourth Quarter March 2, 2022 John Bancroft JPMorgan Chase, Northern Trust, Bank of America and Commerce Bank also upped their ABS holdings over the last three months of the year.Read More
The Tea Leaves: Issuance of GSE MBS Falls to 23-Month Low March 1, 2022 John Bancroft The GSEs issued “only” $137.8 billion of single-family mortgage securities in February, down 23% from January...Read More
A Bit of a Tumble in Mortgage Earnings for Depositories February 28, 2022 Brandon Ivey Among 461 banks and thrifts in the analysis, only seven lost money on mortgage banking during 4Q...Read More
An Earnings Slide for Rocket but Company Declares Special Dividend February 25, 2022 Paul Muolo To date, Rocket has repurchased 20.7 million shares at an average price of $15.08 a unit...Read More
Securitization Rates Adjust Downward in 2021 February 25, 2022 John Bancroft Agency MBS issuance was up again in 2021 but modestly...Read More
Home Point Bolsters Weak 4Q Earnings With MSR Sales; Revenue and GOS Hit February 24, 2022 Paul Muolo The nonbank sold $13.1 billion of Ginnie Mae MSRs into a red hot servicing market...Read More
Refi Strength Aids FHA Share in 2021, Purchase Boosts PMIs February 24, 2022 John Bancroft New private MI business tumbled 13.0%, while government MI endorsements fell 10.5%.Read More
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