ABS Issuance Hits Record in 2021, Market Cools in 4Q January 21, 2022 John Bancroft All major product groups saw significant gains in 2021...Read More
Primary MI Market Follows 2021 Product Shifts January 20, 2022 John Bancroft Agency securitization of insured refi loans fell 15.3% last year, with the private MI sector taking a hard hit.Read More
Banks Give a Glimpse of What Lies Ahead: Lower Originations January 20, 2022 Paul Muolo The best performer, in terms of sequential growth was JPMorgan Chase, up 4.6%.Read More
For Fannie and Freddie Another Record Year for MBS Issuance January 19, 2022 Dennis Hollier Depositories made up some ground on the nonbanks with a combined fourth quarter market share of 31.2%.Read More
Mortgage-Related Complaints Filed With the CFPB Down in 4Q21 January 19, 2022 Andras Malatinszky However, the number of borrowers unhappy with the loan-modification process jumped 12.7%...Read More
Lower Originations for USB but a Gain for Bank of America January 19, 2022 Paul Muolo One ominous sign for both USB and the overall industry is the bank’s mortgage application reading...Read More
High-Risk Lending Edges Up at Fannie and Freddie January 18, 2022 Namrata Bhatia Meanwhile, the share of low-risk loans — those with credit scores above 700 — dropped to 68.5%...Read More
A Production Decline and Lower Mortgage Earnings for Truist January 18, 2022 Paul Muolo The weighted average coupon of Truist's MSR portfolio: 3.44%...Read More
Non-Agency MBS Issuance Climbs to Post-Crisis High in 2021 January 14, 2022 John Bancroft The biggest growth was in securitization of recently originated jumbo loans and expanded-credit mortgages.Read More
JPMorgan Surpasses Wells in Residential Lending January 14, 2022 Paul Muolo Both banks reported lower gain-on-sale margins in 4Q21, a reflection of stiffer competition in the primary market. Read More
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