Thanks to rising interest rates and stunted production volume, banks and thrifts posted their lowest earnings for mortgage banking since the last quarter of 2008. (Includes data chart.)
The Securities and Exchange Commission has delayed implementation of a disclosure rule the industry feared would compromise the ability of many issuers to access the 144A market.
The Mortgage Industry Standards Maintenance Organization has released a standardized template to facilitate the bidding process for MBS between mortgage originators and dealers for Bids Wanted in Competition.