Despite Deteriorating Values, Banks Boosted MBS/ABS Holdings in 4Q22 March 24, 2023 John Bancroft The biggest increase was in residential MBS, which was up 7.1% in the fourth quarter to $287.23 billion...Read More
Second-Lien Lending Peaked in 3Q22 but Had Strong Full-Year Showing March 23, 2023 Namrata Bhatia The top three originators of home-equity loans last year: Citizens Bank, Wells Fargo and PNC...Read More
A Decline in Mortgage Repurchase Activity by Banks March 21, 2023 Brandon Ivey Then again, mortgage repurchase activity typically tends to fluctuate...Read More
Third-Party Lending Gains Market Share March 20, 2023 John Bancroft The correspondent share of conventional conforming edged up to 39.6% in the fourth quarter...Read More
As Members Pony Up to the Advance Window, Profits Rise at the FHLBs... March 20, 2023 Dennis Hollier The FHLB Atlanta had the largest quarterly gain, with profits rising 57.4%...Read More
As Banks Retreat from MBS, Other Investors Step Up March 17, 2023 John Bancroft That retrenchment marks the slowest quarterly growth rate since early 2019...Read More
When Forced to Sell HTM Assets (MBS), the Red Ink Flows March 17, 2023 Paul Muolo SVB’s holdings of available-for-sale MBS totaled $8.46 billion or just 4.0% of its total asset base...Read More
Mortgage Servicing Market Leans More to Whole Loans March 16, 2023 John Bancroft Building a portfolio of home loans through branch offices is about as old-school as business gets.Read More
A Slight Increase for Nonprime Servicing Balances March 15, 2023 Brandon Ivey Credit Suisse’s Select Portfolio Servicing was the largest nonprime servicer, by far, at Dec. 31, with $141.0 billion...Read More
Warehouse Volumes Suffer as Profitability Wanes March 14, 2023 Paul Muolo As one financier put it: “I’d estimate 20% to 25% of my lenders missed their profitability covenants"...Read More
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