Correspondent Channel Gains Share Despite Wells Retreat June 29, 2023 Brandon Ivey Wells originated $5.08 billion of conventional-conforming loans through the correspondent channel in the fourth quarter. In the first quarter, the bank’s production in the channel was down to only $500 million.Read More
GSE Buyback Activity Up Slightly in First Quarter June 28, 2023 John Bancroft Some 66.5% of GSE repurchases in the first quarter involved loans securitized in 2022.Read More
Mortgage Securitization Rate Continues Slide June 27, 2023 John Bancroft As originations decline, the securitization rate shrinks.Read More
1Q Fun Fact: MBS/ABS Pile Up in Bank Trading Accounts June 26, 2023 John Bancroft JPMorgan led the pack with $75.3 billion of agency MBS held in its trading account at March 31...Read More
Lighter Pay Packages in Mortgage C-Suites June 26, 2023 Paul Muolo The top earner among the 10 public origination/servicing shops was Frank Martell, CEO of loanDepot...Read More
Banks Lose More Market Share in First Quarter June 23, 2023 John Bancroft The nonbank share of mortgage originations is moving closer to where it was during the pandemic refi boom.Read More
Correspondent Share of Jumbo Lending Declines June 22, 2023 James Dohnert The retail channel gained market share in the jumbo sector as Wells retreated from correspondent lending.Read More
FHA Loans Drive Up Ginnie Issuance in May June 21, 2023 Monica Hogan Ginnie Mae MBS issuance increased by 3.3% on a monthly basis in May.Read More
Wells Holds On to Top Servicer Spot June 16, 2023 John Bancroft Wells Fargo could be dethroned as the largest mortgage servicer shortly.Read More
Banks’ Mortgage-Banking Income Increases June 15, 2023 Brandon Ivey Mortgage-banking income at banks and thrifts increased by 35.7% in the first quarter of 2023 compared with the previous quarter.Read More
RSS