BofA’s mortgage originations are more heavily weighted toward jumbos compared with other large banks.

PNC's margin on mortgage production declined from 1.96% in the second quarter of 2024 to 1.45% in the third quarter.

Wells originated $5.5 billion of mortgages through the retail channel in the third quarter of 2024, down 14.1% from the third quarter of 2023.

An affiliate of Radian Group is marketing its second jumbo MBS.

Originations increased at Chase and Wells in the third quarter though production revenue was down.

Kristen Clarke, assistant attorney general in the DOJ’s civil rights division, said the settlement shows that the DOJ intends to hold “all types of lenders accountable for their role in modern-day redlining.”

No indication yet from federal regulators on when a planned re-proposal of capital requirements for large banks will be issued.

Non-agency MBS issuers typically ensure properties in the deal are damage free. That standard can be difficult to achieve if a hurricane strikes while the deal is still in the works.

The securitization will retire a similar transaction that was issued a year ago. Rating services raised some concerns about changes in streaming and risks from songs generated with AI.

Deals rated by Moody’s successfully navigated the end of LIBOR reporting; vintage MBS wrapped by MBIA downgraded; GSEs, Ginnie increase MBS disclosures; ICE offers emissions estimates for MBS; new TBA trading app from South Street Securities.