Headed Lower: MBS Trading Volumes... December 30, 2022 Paul Muolo In November, just $81.9 billion of MBS backed by single-family loans was issued by Fannie Mae, Freddie Mac and Ginnie Mae.Read More
Short Takes: It’s Over, Finally (2022) / By the Numbers / Once the Rightsizing Is Over… / $1.3 Trillion / Rising Inventory / A Day Off December 30, 2022 Paul Muolo There’s an argument to be made that once the tough job of right-sizing is over, profit margins will once again normalize...Read More
Jumbo Originations Were Not Spared in 3Q, All Channels Suffered December 29, 2022 Namrata Bhatia Jumbo lending through brokers plunged 52.0%...Read More
After a Strong Start Earlier in the Year, HECM Lending Faces a Correction December 28, 2022 Monica Hogan The top three HECM lenders through the first nine months of 2022: American Advisors Group, Mutual of Omaha Mortgage and Finance of America...Read More
MBS Creation Slides for Seventh Consecutive Month December 27, 2022 John Bancroft Securitization rates ran unusually high in 2020 and 2021 because of the epic wave of agency-bound refis...Read More
Headed North (A Little Bit): Residential Delinquencies December 22, 2022 Paul Muolo Bottom line: The readings are not bad and there are few signs of a “credit” problem in the servicing industry...Read More
Banks Immune from the Mortgage Slowdown? Hardly... December 21, 2022 Namrata Bhatia Depositories are not required to report their portfolio-lending activity in their call-report disclosures.Read More
GSE Seller-Servicers See Mortgage Buybacks Spike YOY December 19, 2022 John Bancroft The worst of all time (WOAT) was 2007, from which sellers repurchased 7.40% of GSE issuance.Read More
Consumers Still Tend to Shy Away From Mortgage Shopping December 19, 2022 Namrata Bhatia Education levels led to some differences in consumer behaviors...Read More
Bad News for Refis: 94.5% of Agency MBS Has Current Interest Rates of 5.0% or Less December 16, 2022 John Bancroft For many homeowners, their current mortgage rate is too valuable (low) to give up...Read More
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