Banks Change Course and Add Servicing-for-Others. However... August 24, 2021 John Bancroft Federally insured depositories reported $3.088 trillion of servicing-for-others at June 30, mostly representing loans residing in MBS trusts...Read More
Mr. Cooper Reveals Potential Stock Sales by Chairman/CEO August 24, 2021 Paul Muolo The 10b5-1 plan was designed to comply with SEC rules and the lender's insider trading policies and guidelines.Read More
New Tally Offers More Proof of a Decline in Lending Profits August 24, 2021 Paul Muolo Say it ain't so, Joe: Origination profits per loan continue to decline...Read More
No Respite for FHLBanks in 2Q21 from COVID Beating August 24, 2021 Dennis Hollier The FHLBanks’ poor performance has been largely driven by plummeting asset levels.Read More
Banks Favor GSE Paper as Industry Pads MBS Holdings August 23, 2021 John Bancroft Year-over-year, Bank of America increased its MBS holdings by a stunning 82.5%.Read More
GSE Investment-Property Business Drops in Second Quarter August 20, 2021 Brandon Ivey GSE securitization of investment-property mortgages fell by 33% on a sequential basis in the second quarter, while overall single-family GSE activity was down only 5%.Read More
Non-Agency Lending Jumps in 2Q, Agency Production Declines August 19, 2021 John Bancroft Production of jumbos and expanded-credit mortgages spiked while agency lending deflated.Read More
GSE CRT Issuance Slows in Second Quarter August 18, 2021 John Bancroft Freddie's issuance fell by more than 50% from the first quarter and Fannie remained inactive.Read More
FHA Lending Up, VA Down in Second Quarter August 17, 2021 John Bancroft VA Interest Rate Reduction Refinance Loan volume declined by nearly 40% in the second quarter.Read More
Rocket Posts Lower 2Q Profits and Originations, but Forecasts Record Lending in ‘21 August 13, 2021 Paul Muolo Overall, the Detroit-based company funded $83.8 billion in 2Q compared to $103.5 billion in 1Q...Read More