Ginnie Issuance Volume Declines in Fourth Quarter January 9, 2024 Brandon Ivey Issuance declined by 16.7% on a quarterly basis in the fourth quarter, with the VA losing market share.Read More
Surprise: Brokers Add Jobs, but IMBs Keep Slashing January 8, 2024 Paul Muolo Note: The government’s reading on the mortgage sector trails the national numbers by one month.Read More
Securitization Market Posts Weakest Showing in a Decade January 8, 2024 John Bancroft Make no mistake about it, all sectors slowed in the fourth quarter...Read More
Short Takes: Not So Fast on the Optimism / What Consumers Think / Mr. Cooper’s Disclosures / Cuts at Truist / An MSR Offering at 6.85% January 8, 2024 Paul Muolo Truist, the nation’s 20th largest home lender, has notified customers that it plans to close several dozen branches in March.Read More
Agency MBS Issuance Fails to Reach $1.0 Trillion in 2023 January 5, 2024 John Bancroft Agency MBS issuance declined by 41.1% on an annual basis in 2023.Read More
Short Takes: Top Agency MBS Issuer in 2023 / Smaller Banks Concerned About HELOCs / Angelo Gordon Quick With MBS January 5, 2024 Brandon Ivey United Wholesale Mortgage barely edged out PennyMac as the top issuer of agency MBS in 2023.Read More
Loan Sales by Banks Steady in Third Quarter January 4, 2024 Brandon Ivey JPMorgan Chase, the largest bank retail lender, sold $9.23 billion of mortgages in the third quarter, up 5.5% from the second quarter.Read More
GSE Buybacks Drop in Third Quarter January 3, 2024 John Bancroft Buybacks from the GSEs declined by 29.0% in the third quarter compared with the previous quarter.Read More
Banks Increase Holdings of MBS/ABS in Trading Accounts January 2, 2024 John Bancroft Total residential MBS holdings rose 6.3% to $384.87 billion and ABS holdings, while much smaller, were up 20.4%.Read More
Home Equity Lending Declines by 4% in Third Quarter December 22, 2023 Brandon Ivey An estimated $51.0 billion of closed-end second liens and home equity lines of credit were originated in the third quarter.Read More
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