The (Large) Servicer Delinquency Rate Falls to 4.56% August 26, 2021 Brandon Ivey Residential delinquencies declined across different buckets, led by borrowers who were more than 90 days past due...Read More
The Final Tally: Nonbank Earnings Plummet as Margins Shrink in 2Q August 25, 2021 John Bancroft Nonbank earnings season is over. The bottom line: profits fell, but that was to be expected. The big question: Where do we go from here?Read More
As Summer Comes to An End, Applications Rise August 25, 2021 Paul Muolo The FHA share of total applications increased to 11.0% of the pie compared to 9.4% the week prior...Read More
Banks Change Course and Add Servicing-for-Others. However... August 24, 2021 John Bancroft Federally insured depositories reported $3.088 trillion of servicing-for-others at June 30, mostly representing loans residing in MBS trusts...Read More
Mr. Cooper Reveals Potential Stock Sales by Chairman/CEO August 24, 2021 Paul Muolo The 10b5-1 plan was designed to comply with SEC rules and the lender's insider trading policies and guidelines.Read More
New Tally Offers More Proof of a Decline in Lending Profits August 24, 2021 Paul Muolo Say it ain't so, Joe: Origination profits per loan continue to decline...Read More
No Respite for FHLBanks in 2Q21 from COVID Beating August 24, 2021 Dennis Hollier The FHLBanks’ poor performance has been largely driven by plummeting asset levels.Read More
Banks Favor GSE Paper as Industry Pads MBS Holdings August 23, 2021 John Bancroft Year-over-year, Bank of America increased its MBS holdings by a stunning 82.5%.Read More
GSE Investment-Property Business Drops in Second Quarter August 20, 2021 Brandon Ivey GSE securitization of investment-property mortgages fell by 33% on a sequential basis in the second quarter, while overall single-family GSE activity was down only 5%.Read More
Non-Agency Lending Jumps in 2Q, Agency Production Declines August 19, 2021 John Bancroft Production of jumbos and expanded-credit mortgages spiked while agency lending deflated.Read More