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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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GNMA MBS Production Down Sharply in February

March 18, 2019
John Bancroft
Much of the reduced refi business resulted from a 14.8% drop in cash-out transactions...
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REITs Add to Agency MBS Holdings, Non-Agency Down

March 15, 2019
John Bancroft
Agency securities accounted for $26.4 billion of the growth in REIT MBS holdings over the course of the year…
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Home-Equity Market Sagged in 2018, but Still a Bright Spot

March 14, 2019
John Bancroft
Credit unions reported a 19.5% increase in closed-end second originations from the first half of 2018 to the second half…
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Short Takes: Not the Best Written Indictment? (Manafort) / Bought for $3 Million but Worth $8 Million a Few Years Later / Rates Move Lower / Applications Move Higher / PennyMac’s $200 Million Stock Sale / A New Hire for Gateway Mortgage

March 14, 2019
Paul Muolo
Thanks to declining interest rates, lenders are feeling more optimistic these days...
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Freddie Mac’s MBS Business Rebounds in February

March 13, 2019
John Bancroft
Fannie Mae saw its monthly MBS output decline by 18.1% from January…
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Broker Business Gained Market Share in 2018

March 13, 2019
John Bancroft
Retail’s biggest presence was in the jumbo market…
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Trump Wants to Slash HUD’s Budget by 16%, but Allows for FHA ‘Tax’ to Upgrade IT

March 12, 2019
Paul Muolo
The Trump White House wants to impose a fee on FHA lending to raise the money...
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