Correspondents, Brokers Gain Agency Share in 2Q August 15, 2024 Brandon Ivey Correspondent and broker loans were more heavily weighted toward purchase mortgages in the second quarter compared with the retail channel.Read More
Consumer Complaints to CFPB Increase in 2Q, Led by Credit Reporting August 15, 2024 Shannon Clark Total complaints from users of financial services increased 25.9% on a quarterly basis to a record high of 604,174 in the second quarter of 2024.Read More
Banks’ Mortgage Earnings Steady in Second Quarter August 14, 2024 John Bancroft Among 26 public commercial banks, 17 took losses on their mortgage business in the second quarter.Read More
Ginnie Volume Drives Up Agency MBS in July August 13, 2024 John Bancroft Ginnie MBS issuance increased by 8.3% on a monthly basis in July while GSE volume declined somewhat.Read More
GSE Loan Sales Ease in July Despite Looser Underwriting August 12, 2024 Dennis Hollier Among the top 10 GSE loan sellers in July, just one was a federally insured depository: U.S. Bank.Read More
Short Takes: Merger Talks? / A Lack of MSRs to Buy / About That Rate Cut… / Getting Better? / A New CIO for Truist August 12, 2024 Paul Muolo It was just about a year ago that mortgage fintech Better Home & Finance pulled off its initial public offering of stock...Read More
Private MI Companies Gain Share in Second Quarter August 9, 2024 John Bancroft Radian Guaranty ranked first among private MIs in new insurance written, posting a 20.5% increase to $13.89 billion in the second quarter.Read More
Bulk Sales of Ginnie MSRs Jump in Second Quarter August 8, 2024 Brandon Ivey Some $63.39 billion of MSR on Ginnie MBS were transferred in the second quarter of 2024, up from $24.22 billion in the prior period.Read More
Liquidations From Ginnie MBS Increase in 2Q August 7, 2024 Brandon Ivey Halfway through 2024, Lakeview/Bayview Loan Servicing was the leader in removals from Ginnie MBS, with $11.33 billion.Read More
Nonbank Lenders Push Up Prime Non-Agency MBS Issuance August 6, 2024 James Dohnert Nonbanks increased their contributions to prime non-agency MBS issued in the second quarter as Chase pulled back somewhat.Read More
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