Banks Post Another Decline in Residential MBS Holdings in 3Q22 November 18, 2022 John Bancroft In addition, banks reported $35.6 billion of MBS in trading accounts, a significant 87.1% jump from 2Q22...Read More
MSR Market Watches for Smoke Signals From the Fed November 18, 2022 John Bancroft There's an iceberg of low-coupon MSRs out there...Read More
Short Takes: What, Good News? / Second That Emotion / Mad at Bullard / The MSR Auction Circuit / An Inversion Here Too November 18, 2022 Paul Muolo What's this about mortgage rates falling?Read More
FHA Ekes Out Slight 3Q22 Gain as Other MIs Fade November 17, 2022 John Bancroft The biggest problem for the PMIs: a 13.7% decline in new purchase business...Read More
Mortgage Company Layoffs? Yes. WARN Act Filings? Not So Much November 17, 2022 Paul Muolo There seems to be a bit of confusion in the industry regarding when mortgage bankers need to register layoff notices with the states.Read More
G-Fees Rise — Thanks to the ‘Adverse Market’ Refi Charge November 17, 2022 Dennis Hollier FHFA said upfront fees jumped from 11 bps to 13 bps...Read More
Fitch Worries About Servicing and Nonbank Capital November 16, 2022 Paul Muolo Last month, Fitch issued peer reviews on six shops...Read More
Prime RMBS Market Flops in 3Q22: Just Five Deals Issued November 15, 2022 John Bancroft Ugly fact: There were only five deals from four different issuers...Read More
Velocity Shifting to Defensive Posture; Records Strong 3Q November 15, 2022 Namrata Bhatia Velocity, like other non-agency originators, is starting to tighten underwriting standards...Read More
In October, Ginnie Issuance Takes a Tumble November 14, 2022 Monica Hogan The nation’s top three issuers in October: PennyMac Financial, United Wholesale Mortgage and Freedom Mortgage.Read More
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