The bulk of the production at the bank comes through the correspondent channel via AmeriHome.

Securitization of closed-end second liens more than doubled in the first quarter of 2024 compared with the previous quarter.

“We believe mortgage banking will provide additional service to our customers and eventually contribute to our profitability,” Bank OZK said.

Freddie Mac is seeking approval to acquire second liens. The Structured Finance Association opposes the proposal, noting that non-agency outlets are providing sufficient liquidity for seconds.

Securitization of home equity loans increased again in the first quarter, driven by closed-end second liens. Issuance is growing exponentially, helped by nonbanks and investor demand. (Includes two data tables.)

Ginnie to increase reporting requirements on defaults, loss mitigation; Fitch prepares to rate commercial PACE securitizations; loans for hotels near Disney World head into commercial MBS; FHA extends waiver tied to Ginnie multifamily MBS.

The pilot will only be available "in a handful of states."

United Wholesale Mortgage was the largest lender in 2023. Only 19 of the top 100 lenders increased their production during the year. (Includes data table.)

H.R. 5535, the Insurance Data Protection Act, would eliminate the authority for the Treasury Department’s Federal Insurance Office and Office of Financial Research to issue subpoenas to force insurance companies to provide data to the offices.

FHFA’s report disclosed special purpose credit program activity at the GSEs based on loan count rather than dollar volume.