Banks Slow Jumbo Lending in First Quarter May 28, 2024 James Dohnert The jumbo market’s share of first-lien production narrowed to 11.1% in the first quarter from 12.4% in the fourth quarter.Read More
Government-Insured Lending Gains Share in First Quarter May 24, 2024 Brandon Ivey Government-insured production increased by 11.0% compared with the fourth quarter while total first-lien originations were up 3.2% during that time.Read More
Fed’s MBS Moves Boost GSE Supers Volume May 24, 2024 John Bancroft Fannie Mae and Freddie Mac issued $428.04 billion of Supers deals backed by first-level uniform MBS during the first quarter of 2024.Read More
FHLBanks Increase Profits in First Quarter May 23, 2024 Dennis Hollier The top FHLBank borrower remains JPMorgan Chase with $39.22 billion in outstanding advances at the end of the first quarter.Read More
Earnings Improve at Nonbanks in First Quarter May 22, 2024 John Bancroft Several companies increased origination volume, posted stronger gain-on-sale margins and reported rising values for mortgage servicing rights.Read More
Subtle Shifts in Denial Rates for Purchase Mortgages May 21, 2024 Shannon Clark Denial rates on purchase mortgages inched up in 2023 except for FHA loans, where the rate declined.Read More
Bank MSR Balances Keep Slip Sliding Away May 20, 2024 Brandon Ivey The five largest banks in terms of servicing for others all reduced their portfolios in the first quarter.Read More
Small Gains in MSR Values May 20, 2024 Paul Muolo MSR values are shaped by interest rates, asset desirability, hedging techniques and more...Read More
Refis Drive Originations Up in First Quarter May 17, 2024 Brandon Ivey An estimated $59.0 billion of refis were originated in the first three months of the new year, a 31.1% increase from the previous quarter.Read More
Purchase Mortgages Push Ginnie MBS Up in April May 16, 2024 Monica Hogan The flow of purchase mortgages in Ginnie Mae MBS increased 15.0% from March levels, while securitization of refinance loans dropped 9.2%.Read More