The Fed won’t alter its plans for runoff in its MBS holdings amid recent bank failures; fate of Select Portfolio Servicing remains unclear.

First Republic Bank’s share price declined even after 11 big banks deposited $30 billion into the institution in a show of support. Western Alliance Bank has fared better, without coordinated support from other banks.

The guilty plea by Sterling Bank includes $27.2 million in restitution. The DOJ said any higher amount would have put the bank out of business.

The underwriting of AAM's mortgages is outsourced to India...

According to an analysis by Inside MBS & ABS, Fannie issued $608.65 billion of XSIO MBS last year...

Then again, mortgage repurchase activity typically tends to fluctuate...

RAMS is offering non-QMs in whole-loan form...

Few originations and limited warehouse capacity as Impac shifts into providing leads to mortgage brokers.

Mortgage repurchases by banks declined by 27% during the fourth quarter. Reserves tied to repurchases increased, suggesting that mortgage buybacks could go back up in 2023. (Includes data chart.)

The Federal Reserve is working to understand why it was unable to prevent the failure of Silicon Valley Bank and some Democrats in Congress are pushing for increased regulation of community banks.