Continued Gains for Jumbo Servicing Portfolios November 24, 2021 Brandon Ivey First Republic Bank also stands out among the 30 companies: Its jumbo servicing portfolio increased by 4.2%...Read More
Non-Agency Jumbo Lending Hits Record Levels in 3Q21 November 23, 2021 Brandon Ivey Market watchers believe the activity was driven, in part, by exceptional home price appreciation and more interest in the sector among lenders.Read More
A New Warehouse Record and a Handful of New Entrants November 22, 2021 Paul Muolo One East Coast financier said his bank is seeing several 2022 line renewals at “the same level as this year” and just one reduction overall.Read More
FHA/VA Market Tilts Back to Mostly Purchase Lending November 22, 2021 John Bancroft It was the first time that purchase-mortgage business represented the biggest source of new FHA/VA lending since the third quarter of 2019...Read More
Banks Look Ready to Pick up the Slack as Fed Pulls Away November 19, 2021 John Bancroft The top three banks in MBS holdings: Bank of America, Wells Fargo and Charles Schwab...Read More
On the Way Up: Non-Agency Loan Production November 18, 2021 John Bancroft The conventional-conforming market, which is dominated by Fannie Mae and Freddie Mac, accounted for 70.9% of first-lien originations through the first nine months of 2021.Read More
Wholesale-Broker Delivery Held Up Better in Third Quarter Dive November 17, 2021 John Bancroft Still, all three channels saw declines in refinance loans and rising purchase-money mortgage sales.Read More
Humans Over Robots? Survey Finds Borrowers Prefer In-Person Closings November 16, 2021 Sam Manas Some 62% of mortgagors said they preferred a mobile notary when they closed...Read More
Time to Cut the MIP? FHA’s Insurance Fund Ends FY21 with a Capital Ratio North of 8% November 15, 2021 Monica Hogan How long before the White House caves on a premium cut?Read More
3Q Red Ink Expected for Public-Bound Better.com. A Reorg As Well… November 15, 2021 Paul Muolo The firm estimates its gain-on-sale margin improved to as high as 197 basis points in 3Q compared to 162 bps in the second quarter.Read More