FHA/VA Market Tilts Back to Mostly Purchase Lending November 22, 2021 John Bancroft It was the first time that purchase-mortgage business represented the biggest source of new FHA/VA lending since the third quarter of 2019...Read More
Banks Look Ready to Pick up the Slack as Fed Pulls Away November 19, 2021 John Bancroft The top three banks in MBS holdings: Bank of America, Wells Fargo and Charles Schwab...Read More
On the Way Up: Non-Agency Loan Production November 18, 2021 John Bancroft The conventional-conforming market, which is dominated by Fannie Mae and Freddie Mac, accounted for 70.9% of first-lien originations through the first nine months of 2021.Read More
Wholesale-Broker Delivery Held Up Better in Third Quarter Dive November 17, 2021 John Bancroft Still, all three channels saw declines in refinance loans and rising purchase-money mortgage sales.Read More
Humans Over Robots? Survey Finds Borrowers Prefer In-Person Closings November 16, 2021 Sam Manas Some 62% of mortgagors said they preferred a mobile notary when they closed...Read More
Time to Cut the MIP? FHA’s Insurance Fund Ends FY21 with a Capital Ratio North of 8% November 15, 2021 Monica Hogan How long before the White House caves on a premium cut?Read More
3Q Red Ink Expected for Public-Bound Better.com. A Reorg As Well… November 15, 2021 Paul Muolo The firm estimates its gain-on-sale margin improved to as high as 197 basis points in 3Q compared to 162 bps in the second quarter.Read More
Commercial MBS Issuance Declines Again in 3Q21 November 15, 2021 John Bancroft Production was down in both non-agency CMBS and agency multifamily MBS...Read More
The Roundup: Nonbank Earnings Rally in 3Q21, GOS Margins Widen November 15, 2021 John Bancroft The industry wasn’t exactly partying like it was 2020, but last year was a hard act to follow.Read More
Delinquency Rate Ticks Up in Third Quarter. Meaning? November 12, 2021 Brandon Ivey Reasons? Many borrowers are reaching the end of their forbearance periods...Read More
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