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Banks Report Huge Gain in Mortgage Banking Income

August 28, 2020
John Bancroft
The industry got no help from perennial leader Wells Fargo, but banks still posted their strongest quarterly income from mortgage banking in five years. (Includes data chart.)
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Existing-Home Sales Surge, Supplies Tighten in July

August 28, 2020
Maria Volkova
Sales of new homes increased by 13.9% in July, marking the highest jump since 2006, according to HUD.
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(Very) Small Signs of Life Amid a Parched MSR Market

August 27, 2020
Paul Muolo

Signs of life in the servicing sales arena? A little bit of late, but don't bet the farm on it.


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Retail the Biggest Winner in 2Q Surge in Agency Business

August 14, 2020
John Bancroft
Correspondent production accounted for just 25% of loans sold to Fannie Mae, Freddie Mac and Ginnie Mae during the second quarter, down from 37.0% in the previous period. (Includes two data charts.)
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Banks Report Huge Gain in Mortgage Banking Income

July 31, 2020
John Bancroft
The second quarter of 2020 generated the strongest profits from mortgage banking that the banking industry has seen in years. MSR accounting issues were a drag, but production volume and margins soared. (Includes data chart.)
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California Loses Ground in Surging 2Q20 MI Market

July 17, 2020
John Bancroft
The Golden State still ranked tops in most primary mortgage insurance categories during the second quarter, but Texas gained in many products. (Includes data chart.)
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Bank Mortgage Repurchases Stay Low, But Rise in 1Q20

July 17, 2020
John Bancroft
Bank home-mortgage repurchases totaled just $372.6 million in the first quarter of 2020, the second-lowest total on record. (Includes data chart.)
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Agency MBS Soars in 2Q20 on Gusher of Refi Business

July 2, 2020
John Bancroft
Retail platforms benefited the most from a huge increase in agency refinance business from the first to the second quarter. First-time buyers held on in a precarious housing market. (Includes two data charts.)
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CoreLogic Receives Takeover Bid. Antitrust Anyone?

July 2, 2020
Paul Muolo
Bill Foley, the man who made Fidelity Financial into a title insurance giant, has his eyes on mortgage analytics vendor CoreLogic. But will antitrust concerns prevail?
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Forbearance Related to the Pandemic Continues to Fall

July 2, 2020
Maria Volkova
MBA data show relief numbers falling by 1 basis point to 8.47%.
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Latest Imf News

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