Correspondent Channel Ramps Up Nonconforming Originations December 27, 2024 James Dohnert Nonconforming mortgage originations in the correspondent channel increased from the second to the third quarter.Read More
HECM Lending Flat in 3Q, Down 12% YTD December 23, 2024 Brandon Ivey Among the top 50 producers, all but one are nonbanks.Read More
Home Equity Loan Originations Level in Third Quarter December 20, 2024 Brandon Ivey Bank of America remained the top originator of home equity loans in the third quarter.Read More
Larger Banks Boost Mortgage-Banking Earnings in 3Q December 19, 2024 Namrata Bhatia JPMorgan Chase had the most profitable mortgage-banking operation in the third quarter, with $633.0 million of income.Read More
REITs Add to MBS Holdings in Third Quarter December 18, 2024 John Bancroft A group of 16 mortgage REITs held $196.29 billion of residential MBS on their books at the end of September.Read More
GSE Buybacks Drop in 3Q With Freddie Reporting Change December 17, 2024 John Bancroft Much of the decline was the result of a change in how Freddie Mac classifies loans subject to a repurchase claim for which the seller has provided a remedy.Read More
A Nice Gain for Warehouse Lending in 3Q24 December 16, 2024 Paul Muolo Another positive sign: Usage rates remain in the 50% to 60% range.Read More
Short Takes: The 10-Year Rising… / Finally, Spread Shrinkage? / Planet Expensive / Correspondents Gain / Rate Hires U.S. Bank Vet December 16, 2024 Paul Muolo and Brandon Ivey The correspondent channel gained share in the conventional-conforming market during the third quarter of 2024.Read More
Servicing Outstanding Grows in 3Q With Push From FHA/VA December 13, 2024 Brandon Ivey Ginnie Mae servicing outstanding increased by 1.8% during the third quarter.Read More
Banks Add to First-Lien Holdings in Third Quarter December 12, 2024 James Dohnert Holdings increased by 1.5% on an annual basis as of the end of September.Read More