Nonbanks Conquer Larger Share of New Agency MBS March 29, 2019 John Bancroft Nonbanks reached a milestone in 2018: They became the dominant source of new issuance of Fannie/Freddie MBS…Read More
GSE Share of High DTI Mortgages Nearly Doubled from 2015 to 2018 March 28, 2019 John Bancroft The FHA and VA loan programs also get special treatment under the ability-to-repay rule…Read More
Concerns About Profit Margins Ease, Somewhat March 28, 2019 Brandon Ivey Some 20% of lenders surveyed expect profit margins to increase in 2Q19, up from an 11% share the previous quarter…Read More
Subservicing Continues to Grow but Landscape is Shifting March 27, 2019 Paul Muolo Thanks to its bankruptcy filing, Ditech’s future as a subservicer is in doubt…Read More
Bank Mortgage Repurchase Volume Falls to Record Low March 27, 2019 John Bancroft Bank of America reported $1.04 billion in mortgage repurchases last year, or 45.3% of the industry’s total.Read More
MBA Research: A Net Origination Loss of $200 Per Loan in 4Q18 March 26, 2019 Paul Muolo Added MBA’s Walsh: “On the servicing side of the business, mortgage servicing impairments resulting from December’s drop in interest rates hurt profitability.”Read More
Short Takes: Stearns Issues Expensive Debt / Counter-Cyclical? Not Always / MSR Impairments a Factor / Alterra Seeks a Controller / CFPB Taking Advisory Board Applications March 26, 2019 Paul Muolo Usually, mortgage banking is a counter-cyclical business, but not always...Read More
Guess What? The Federal Reserve is No Longer No. 1 in MBS Holdings March 22, 2019 John Bancroft The Federal Reserve's MBS leakage began in 2017…Read More
MBS Trading Falters Slightly but Strong Overall March 22, 2019 Paul Muolo One fact is certain: January and February were not good months for the production of Fannie Mae, Freddie Mac and Ginnie Mae securities. Read More
Agency Servicing Grows in 4Q18 but Banks Say No to the Party March 21, 2019 John Bancroft The only soft spot was in the servicing for non-agency mortgage-backed securities…Read More
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