Mortgage Income at Nonbanks Choppy in First Quarter May 31, 2023 John Bancroft Half of the 16 public nonbanks posted losses in the first quarter.Read More
Commingled Issuance From GSEs Remains Suppressed May 30, 2023 John Bancroft A reduction in the commingle fee that applies to the GSEs helped to increase such issuance somewhat in April.Read More
Correspondent Channel Gains Share Even with Wells’ Exit May 26, 2023 John Bancroft Wells reported just $980 million in correspondent production in the first quarter, effectively leaving about $4.5 billion on the table for others.Read More
Higher-Priced Mortgage Volume Ticks Up in 2022 May 25, 2023 James Dohnert Non-agency higher-priced mortgages are a proxy for subprime loans.Read More
FHA, VA Lending Slows Further in First Quarter May 24, 2023 Monica Hogan Both purchase-mortgage originations and refis declined at FHA and VA in the first quarter.Read More
First Republic Topped Jumbo Lenders Before Demise May 23, 2023 James Dohnert For years, Wells Fargo and JPMorgan Chase were the largest originators of jumbo mortgages.Read More
Sharp Differences in FHA, Private MI Business May 23, 2023 Monica Hogan There's some competition between FHA and private mortgage insurance companies, though much of their business is focused on different sets of borrowers.Read More
1Q23 Not a Pretty Time for Warehouse Shops May 22, 2023 Paul Muolo Warehouse financiers ended March with $103.0 billion of commitments on their books...Read More
Bank Failures Spur Another Decline in MBS Investment May 22, 2023 John Bancroft A big chunk of that downturn resulted from the collapse of Silicon Valley Bank...Read More
Jumbo Lending Drops in First Quarter May 19, 2023 John Bancroft Banks reduced their appetite for jumbos in the first quarter.Read More