Agency Sectors Gain Share in Third Quarter November 17, 2023 John Bancroft With total first-lien originations sinking 3.8%, the agency share of the market rose to 85.7%, its highest level since early 2021.Read More
Public Nonbanks Increase Earnings in Third Quarter November 16, 2023 John Bancroft While many smaller nonbank mortgage companies struggled during the third quarter, a group of 15 public nonbanks increased their earnings by more than 20% on a sequential basis.Read More
Complaints to CFPB About Credit Reports Increase November 15, 2023 Sam Manas Complaints submitted to the CFPB increased by 8.7% on a quarterly basis.Read More
Retail Channel Gains Share in Agency Market in 3Q November 14, 2023 Andras Malatinszky The retail channel boosted its share of agency MBS business by 112 basis points to 48.9% in the third quarter.Read More
GSE MBS Issuance Continues to Slide November 13, 2023 Dennis Hollier In the first 10 months of 2023, the GSEs’ combined refi production came to just $67.79 billion...Read More
Large Nonbanks, Smaller Lenders Driving Jumbo MBS November 8, 2023 James Dohnert United Wholesale Mortgage remained the top originator of loans in prime non-agency MBS in the third quarter.Read More
Ginnie MBS Issuance Declines in October November 7, 2023 Brandon Ivey Both FHA and VA volume in Ginnie MBS issuance declined on a monthly basis in October.Read More
Earnings Decline for Ocwen, Growth Plans Ensue November 7, 2023 Paul Muolo Ocwen management estimates its book value is $58.00 per share.Read More
Going Into Winter, Agency MBS Issuance Begins to Slump November 6, 2023 John Bancroft In October, the top five volume leaders in agency MBS issuance were all nonbanks, led by PennyMac Financial...Read More
BLS: 6,800 Mortgage Jobs Were Lost in September November 6, 2023 Paul Muolo Almost 30,000 mortgage-banking jobs have evaporated over the past 12 months...Read More