Capitol Federal Savings Bank took a loss of about $200 million on the sale of $1.3 billion of securities (largely MBS) with low interest rates. The bank reinvested the proceeds in higher-yielding assets and paid off some debts. Pacific Premier Bank made a similar move this week.

VineBrook Homes is set to issue its first single-family rental securitization. Issuance in the sector ticked up in the third quarter after declining for more than a year.

The MBA and others are pushing for federal regulators to go back to the drawing board on capital requirements for large banks. The regulators state that they will be flexible but defend the proposal.

When interest rates were low, escrow accounts were an afterthought in terms of MSR values. Now that interest rates are elevated, banks are seeing strong earnings from funds held in escrow accounts.

Average loan amounts on mortgage applications are coming down as the share of first-time homebuyer applicants increases.

Issuance of non-agency MBS and GSE CRT deals will increase by 9% on an annual basis in 2024, according to projections by Kroll Bond Rating Agency.

Some 0.29% of mortgages were in forbearance as of the end of October.

The big concern: MSR packages could flood the market in the coming months as struggling lenders look for cash.

Lenders' slow moves on cutting staff as originations declined included a silver lining: improvements in customer service.

Securitization tied to financing acquisitions of MSRs dwindled in the past year, but banks are still providing financing to nonbank MSR buyers through loans.