The agency’s earnings increased in fiscal year 2022 while its MBS issuance declined by 30.5% on an annual basis. Ginnie defended its reliance on contractors and upcoming revisions to capital requirements.

Santander Bank’s CRT is backed by loans that have seasoned for 6.3 years; Two Harbors Investment earned comprehensive income of $1.83 to $1.87 per weighted average basic common share in the fourth quarter.

Bids for MSRs are declining, prompting worries among some sellers. Those holding servicing also face the possibility of an increase in delinquencies and advancing responsibilities.

On a quarterly basis, originations will bottom out in the first quarter, according to projections by the Mortgage Bankers Association. Still, it will take a little longer for profitability to improve.

The GSE will set minimum pre-funding quality control requirements and deliver QC results to lenders more quickly.

Stan Middleman cautioned that MSR values and liquidity could tumble in the coming years, potentially in 2028.

Much of the increase in the fourth quarter was tied to newly-delinquent loans...

Freedom Financial issued a similar HELOC deal in November.

Santander stopped originating mortgages in the U.S. almost a year ago, then outsourced the function to Rocket...

The delinquency rate on loans in agency MBS increased gradually between March and September, then spiked during the fourth quarter. (Includes data chart.)