Mortgage-banking origination volume and loan sales among commercial banks and savings institutions declined in the first quarter. The pipeline of future sales also contracted significantly from the fourth quarter. (Includes two data charts.)
Overall, banks and thrifts reported a decline in the volume of mortgage repurchases and indemnifications made during the first quarter, but most major institutions saw increases. (Includes data chart.)
Bank and thrift holdings of first-lien mortgages increased in the first quarter of 2022. Meanwhile, Wells Fargo and JPMorgan trimmed their portfolios. (Includes data chart.)
Delinquency rates declined across the board at Fannie Mae, Freddie Mac and Ginnie Mae in the first quarter of 2022. The only category of loans to report higher defaults was FHA loans 120 days past due. (Includes data chart.)
Steeply lower production volumes call for new lending ideas. Right? Some A-paper shops are jumping into the non-QM pool. Will it save the day or result in higher delinquencies?
Government-sponsored enterprise business in the low- and middle-risk categories increased in the first quarter of 2022. The shifts in credit characteristics occurred as originations declined. (Includes two data charts.)
Home equity conversion mortgage originations increased dramatically for the second straight year with FHA endorsements totaling $23.80 billion in 2021, a 33.9% increase from the prior year. (Includes three data charts.)
Banks and thrifts reported a 10.6% sequential increase in the volume of mortgages they repurchased in the fourth quarter of 2021. But for the full year, buybacks trended down. (Includes data chart.)