A Bright Spot: Non-Agency MBS Issuance in 1Q23. However... April 10, 2023 Brandon Ivey Invictus Capital Partners was the top-ranked non-agency MBS issuer in the first quarter.Read More
Agency MBS Issuance Slides Further in First Quarter April 7, 2023 John Bancroft It was the ninth straight quarterly decline for agency MBS issuance.Read More
Ouch: Originations Unprofitable in 2022 April 7, 2023 Brandon Ivey 2022 marked the first year that net production was negative for the full year since the MBA started its performance survey in 2008.Read More
Short Takes: Purchase Mortgage Volume Constrained / Jobs Numbers Suggest Rate Hikes Over / CrossCountry Joins Freddie’s SPCP / New Reverse Mortgage Lender April 7, 2023 Brandon Ivey Relatively low interest rates don't help much if there aren't many homes for sale.Read More
FDIC to Sell MBS Holdings of Failed Banks April 6, 2023 Brandon Ivey The FDIC plans to sell $114 billion of MBS held by Silicon Valley Bank and Signature Bank.Read More
Mortgage Sales by Banks Outpace Production April 5, 2023 Brandon Ivey Originations of mortgages that banks intend to sell decreased more quickly than loan sales by banks in the fourth quarter of 2022.Read More
Dimon Critical of Mortgage Regulations for Banks April 4, 2023 Brandon Ivey Chase is "hanging on" and hoping for change in the mortgage market, according to Jamie Dimon.Read More
Short Takes: CFPB Appeals Townstone Case / FDIC to Sell Signature’s Loans / Synthetic LIBOR Planned April 4, 2023 Brandon Ivey NCRC applauded the CFPB's decision to appeal a ruling in a redlining case.Read More
Fannie/Freddie Mandated Repurchases Ease April 3, 2023 John Bancroft It stands to reason that the largest originators get hit with the highest volume of repurchase requests from the GSEs...Read More
Interest Rate Risk and the Recent Bank Failures... April 3, 2023 Brandon Ivey Risk analysis should quantify projected profits and losses on MBS and mortgages across a range of rate movements.Read More
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