Depositories Face the Music on Motgage Profits February 6, 2023 John Bancroft Note: Once upon a time, Wells regularly was the top bank in the business...Read More
The Slump Persists: MBS Issuance Down Again in January February 3, 2023 John Bancroft Ginnie, by the way, ranked as the top agency MBS issuer for the fifth straight month.Read More
Servicing Saves the Day at PennyMac, Originations Off by Just 11.6% February 3, 2023 Paul Muolo PennyMac booked $82.6 million of gains on the portfolio in 4Q22 but most of that was offset by hedging losses. Read More
Nonbanks Keep Growing MSR Share, Delinquencies a Potential Concern February 2, 2023 John Bancroft Fun fact: Depository institutions outgrew nonbanks in the agency MSR market during the fourth quarter.Read More
Lakeview Dethrones Freedom Mortgage as the Largest GNMA Servicer February 1, 2023 Andras Malatinszky Among the top-10 GNMA servciers, just two are federally insured depositories: Wells Fargo and U.S. Bank.Read More
Better Times for Lenders? Hopefully, Later in the Year February 1, 2023 Brandon Ivey Mortgage executive Chrissi Rhea: "I’m looking forward to 2023 because it can’t be as bad as 2022."Read More
A Good Year for Ginnie, With Net Profits Just Shy of $1.5 Billion January 31, 2023 Brandon Ivey Mortgage firms issued $649.5 billion of Ginnie MBS in fiscal 2022, down 30.5% on an annual basis.Read More
As Rates Rise, VA's Streamlined Refi Program Slides Into Irrelevance January 30, 2023 John Bancroft Only 23 lenders completed IRRRL endorsements in the final three months of 2022.Read More
Short Takes: The Next Rate Hike From the Fed / Nonbank Mortgage Stocks? / Warehouse CEO Gets Contract Extension / Added: Indecomm / 44 Months For Fraud January 30, 2023 Paul Muolo All eyes will be on the FOMC this week...Read More
The Final Origination Tally for 2022: $2.2 Trillion, Off 50.1% January 26, 2023 John Bancroft Speaking of unicorns, there was just one lender in the rankings that showed a sequential production gain from 3Q22 to 4Q22.Read More
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