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Concerns About Profit Margins Ease, Somewhat

March 28, 2019
Brandon Ivey
Some 20% of lenders surveyed expect profit margins to increase in 2Q19, up from an 11% share the previous quarter…
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Subservicing Continues to Grow but Landscape is Shifting

March 27, 2019
Paul Muolo
Thanks to its bankruptcy filing, Ditech’s future as a subservicer is in doubt…
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Bank Mortgage Repurchase Volume Falls to Record Low

March 27, 2019
John Bancroft
Bank of America reported $1.04 billion in mortgage repurchases last year, or 45.3% of the industry’s total.
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MBA Research: A Net Origination Loss of $200 Per Loan in 4Q18

March 26, 2019
Paul Muolo
Added MBA’s Walsh: “On the servicing side of the business, mortgage servicing impairments resulting from December’s drop in interest rates hurt profitability.”
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Short Takes: Stearns Issues Expensive Debt / Counter-Cyclical? Not Always / MSR Impairments a Factor / Alterra Seeks a Controller / CFPB Taking Advisory Board Applications

March 26, 2019
Paul Muolo
Usually, mortgage banking is a counter-cyclical business, but not always...
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Guess What? The Federal Reserve is No Longer No. 1 in MBS Holdings

March 22, 2019
John Bancroft
The Federal Reserve's MBS leakage began in 2017…
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MBS Trading Falters Slightly but Strong Overall

March 22, 2019
Paul Muolo
One fact is certain: January and February were not good months for the production of Fannie Mae, Freddie Mac and Ginnie Mae securities.
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Agency Servicing Grows in 4Q18 but Banks Say No to the Party

March 21, 2019
John Bancroft
The only soft spot was in the servicing for non-agency mortgage-backed securities…
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Strong Growth for Jumbo Servicing in 2018

March 19, 2019
Brandon Ivey
Wells Fargo, JPMorgan Chase and Bank of America had a combined jumbo servicing market share of 61.4% at yearend, according to figures compiled by Inside Nonconforming Markets…
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After a Trying 1Q19, Industry Hopes for Better Days Ahead

March 19, 2019
Paul Muolo
After trying times in January and February, March was somewhat better and the much ballyhooed spring home buying season should bring some degree of relief.
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