Originations Increase at Western Alliance, Margins Shrink October 20, 2023 Brandon Ivey Volume up, margins down.Read More
Delinquencies Increase in Agency Market October 19, 2023 Brandon Ivey The total delinquency rate on mortgages in agency MBS stood at 2.83% as of the end of September, up from 2.60% at the end of June.Read More
States Settle Mortgage Payment Fiasco With ACI October 18, 2023 Sam Manas ACI Payments erroneously charged payments on the accounts of 480,000 mortgage holders serviced by Mr. Cooper.Read More
Short Takes: CRA Rule Coming Tuesday / Applications Down / Trends in Non-QM Delinquencies / Closed-End Second Securitization October 18, 2023 Brandon Ivey Banking regulators plan to release a final rule Oct. 24 with revisions to standards under the Community Reinvestment Act.Read More
MSR Sales Increase Amid Consolidation October 17, 2023 John Bancroft The third quarter of 2023 ranked as the busiest market for MSR sales since the second quarter of last year, when $327.82 billion of MSR transfers closed.Read More
Short Takes: FHFA Plans Property Insurance Symposium / Forbearance Activity Dwindles / Record Futures Trading / More Jumbo MBS October 17, 2023 Brandon Ivey FHFA's symposium will focus on solutions for rising property insurance premiums.Read More
Chase, Wells Originations Down Slightly in Third Quarter October 13, 2023 James Dohnert Chase and Wells Fargo reported a slight dip in overall mortgage originations in the third quarter of this year.Read More
Lakeview Tops Agency Servicers in Third Quarter October 13, 2023 John Bancroft Growth at Lakeview and Chase Home Finance finally toppled Wells Fargo as the largest agency servicer.Read More
Short Takes: Ginnie Loosens RPL Standards / Foreclosure Filings Rise / New Correspondent Lender / Fitch Upgrades Assessment of New American Funding October 12, 2023 Brandon Ivey Ginnie is offering flexibility for pooling reperforming loans in MBS.Read More
NPL Sales by GSEs Drop in 2022 October 11, 2023 Dennis Hollier NPL sales by the GSEs declined by 66% on an annual basis in 2022.Read More