The overall delinquency rate in agency MBS inched up to 1.97% at the end of June. All of the increase in late payments was seen in the Ginnie Mae program. (Includes data chart.)
Lenders that do business with Fannie Mae and Freddie Mac continued to deliver more mortgages with lower credit scores and higher loan-to-value ratios in the second quarter. (Includes two data charts.)
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?