A Decent 4Q22 for Jumbo Bellwether FRB January 17, 2023 Paul Muolo Compared to the megabanks, it might be said that FRB’s mortgage business has held up fairly well...Read More
RMBS Issuance Stumbles to Lowest Output Since 2013, Some Life in Seconds January 13, 2023 John Bancroft The only gain was the niche market in securitized second-lien mortgages.Read More
Wells Reports 4Q Results, Residential Fundings Down Almost 70% Compared to a Year Ago January 13, 2023 Paul Muolo Overall, home lending earnings at Wells fell to $786 million in 4Q22, down 19.2% sequentially...Read More
Short Takes: Staying In the Game / JPM and BofA / Easy Money, Not Destined to Last / Footnote on Wells / FHA? / Publishing Break January 13, 2023 Paul Muolo and Brandon Ivey The residential finance sector is going through a cleansing of sorts that will result in a leaner, meaner industry...Read More
Ginnie Mae Paces Agency MSR Growth, Nonbanks Stall January 12, 2023 Macie Jones There's headwinds in the origination market, but servicing continues to grow, especially government product...Read More
MI Written Down in 4Q22, FHA Gains Market Share January 12, 2023 Brandon Ivey PMI on purchase mortgages delivered to the GSEs declined by 33.9% from 3Q22...Read More
Wells Exits Correspondent Lending, Will Shrink Servicing Portfolio January 11, 2023 Brandon Ivey For decades, Wells has capitalized on the cross-selling opportunities inherent in mortgage lending...Read More
GSE Loan Purchases Head South, 4Q Volume at Just $159 Billion January 10, 2023 Dennis Hollier Among nonbanks, the larger shops saw their slice of the pie grow by two percentage points.Read More
Redfin: Lenders Lose Market Share on Purchase Deals January 10, 2023 Brandon Ivey Cash sales have gained market share during a time when mortgage financing typically increases...Read More
A New Reality for GSE Loans: Better FICOs, Lower LTVS January 9, 2023 Andras Malatinszky Notable: Roughly 9.9% of all purchase loans were in the under-60% LTV range, a 289-bps increase since the first quarter.Read More
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