The Fed: Borrowers Benefit From An Increase in Nonbank Share December 28, 2021 Dennis Hollier Fed researchers found that a one-standard-deviation increase in market share led to an 18% reduction in mortgage complaints against nonbanks...Read More
GSE Seller Repurchases Ratchet Higher in Third Quarter December 28, 2021 John Bancroft As of September, 2021 already represented the highest annual buyback total — which includes indemnifications as well as repurchases — since 2014.Read More
Banks Keep Adding to Their First-Lien Portfolios December 22, 2021 Among the 10 largest banks in terms of first-lien investments, only top-ranked Wells Fargo reduced its portfolio during the July-September period.Read More
Still No. 1 in Reverse Mortgage Lending: California December 21, 2021 Monica Hogan The second largest HECM state? Answer: Colorado...Read More
Correspondent Channel Up in Declining FHA/VA Market December 20, 2021 John Bancroft Correspondent, however, is below its former glories in the government-insured market...Read More
Banks Beat the Fed in MBS Investments in 3Q but Not By Much December 17, 2021 John Bancroft Although the central bank this week announced new plans to scale back growth in its holdings, it added $175.27 billion in 3Q21...Read More
Plenty of Home Equity but Consumers Just Aren't Tapping It December 16, 2021 John Bancroft Federally insured depositories reported $54.71 billion of closed-end second mortgages on their books, down 3.3%.Read More
Can Cash-out Refis Buffer the Layoff Picture? December 15, 2021 Also, several shops are aggressively marketing to their servicing customers, pitching cash-out refis.Read More
Securitization Rate Declines as Agency Footprint Shrinks December 15, 2021 John Bancroft Originations of conventional-conforming and government-insured mortgages declined by 4.5% during 3Q21...Read More
Slow but Steady Growth for the Subservicing Sector December 14, 2021 Paul Muolo The biggest issue for the sector rests on the future of market leader Cenlar FSB, which in October was sanctioned by the OCC...Read More
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