The 4Q23 Buyback Picture: a Sharp Decline at Freddie, an Increase for Fannie March 25, 2024 John Bancroft Most lender buybacks are linked to mortgage-backed securities issued within the past two years.Read More
Home Equity Lending Declines in 2023; HELOCs Lose Share March 22, 2024 Brandon Ivey Closed-end second liens accounted for an estimated 19% of home equity production in 2023, up from a 13% share in 2022.Read More
MBS Investors Beyond Fed Add to Holdings in 4Q March 21, 2024 John Bancroft Most major investor categories increased their holdings of MBS during the fourth quarter, while the Fed continues to let its holdings slowly run off.Read More
Ginnie MBS Issuance Up Nearly 10% in February March 20, 2024 Brandon Ivey The increase was driven by refinances, particularly VA refis.Read More
ARM Share Ticks Up in 2023; Volume Down March 19, 2024 James Dohnert ARMs accounted for 14.3% of total originations last year, up from a 13.8% share in 2022.Read More
MBA: Steep Origination Losses for 4Q23, Just 29% of Lenders are Profitable March 18, 2024 Paul Muolo MBA said lenders were unable to "sufficiently adjust resources to align with fluctuating rates and volumes"...Read More
Banks Add to Whole-Loan Holdings in Fourth Quarter March 15, 2024 John Bancroft Banks, thrifts and credit unions ended the year with $3.551 trillion of unsecuritized home loans on their books, a gain of 0.8% from the third quarter.Read More
Short Takes: NAR Settles Commission Litigation / Servicing Stats / Hearing to Look at Homebuyers / Housing Improving March 15, 2024 John Bancroft and Brandon Ivey NAR's settlement essentially eliminates the requirement for home sellers to pay a fee to the homebuyer's real estate agent.Read More
Bank Retail Lending Declines in Fourth Quarter March 14, 2024 Namrata Bhatia Retail mortgage originations by banks and thrifts declined by 16.6% in the fourth quarter.Read More
Profits at FHLBanks More Than Doubled in 2023 March 13, 2024 Dennis Hollier Outstanding advances were down for the year after a surge in the first quarter.Read More
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