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Ginnie MBS Issuance Level in August

September 13, 2023
Monica Hogan
Some $36.47 billion of Ginnie MBS was issued in August, essentially level compared with July.
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Expanded-Credit Originations Up in Second Quarter

September 12, 2023
James Dohnert
Expanded-credit mortgages accounted for 2.5% of total first-lien originations in the second quarter.
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Agency MBS Issuance Begins to Fizzle

September 11, 2023
John Bancroft
Fannie had the lowest output of the three agencies in August...
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Warehouse Commitments Sag. Fear About Additional Exits...

September 11, 2023
Paul Muolo
Among those hanging up their warehouse spurs: Comerica Bank, which has been in the business for several decades...
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First-Time Homebuyer Share Increases in 2Q

September 8, 2023
John Bancroft
Some $121.38 billion of mortgages to first-time homebuyers were included in agency mortgage-backed securities issued during the second quarter, up 41.4% from the first quarter.
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Banks Increase Mortgage Income in Second Quarter

September 7, 2023
Namrata Bhatia
Commercial banks and savings institutions generated $2.00 billion in mortgage-banking income in the second quarter, up 8.7% from the prior period.
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Some Nuance in GSE Activity State-by-State

September 6, 2023
Dennis Hollier
Rocket Mortgage was the top GSE seller in the direct channels in 23 states in the first six months of 2023. United Wholesale Mortgage was the leader in 12 states.
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Servicing Earnings Jump in Second Quarter

September 5, 2023
John Bancroft
Among a group of public mortgage companies income from servicing soared from $397.5 million in the first quarter to $1.87 billion in the second.
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Mortgage Bankers Continue to Trim, Brokers Add Jobs

September 5, 2023
Paul Muolo
The Federal Reserve will announce its next decision on interest rates on Sept. 20.
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FHA and VA Lending Increases in Second Quarter

September 1, 2023
Brandon Ivey
FHA lending growth outpaced VA in the second quarter.
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