Earnings Improve at Nonbanks in First Quarter May 22, 2024 John Bancroft Several companies increased origination volume, posted stronger gain-on-sale margins and reported rising values for mortgage servicing rights.Read More
Subtle Shifts in Denial Rates for Purchase Mortgages May 21, 2024 Shannon Clark Denial rates on purchase mortgages inched up in 2023 except for FHA loans, where the rate declined.Read More
Bank MSR Balances Keep Slip Sliding Away May 20, 2024 Brandon Ivey The five largest banks in terms of servicing for others all reduced their portfolios in the first quarter.Read More
Small Gains in MSR Values May 20, 2024 Paul Muolo MSR values are shaped by interest rates, asset desirability, hedging techniques and more...Read More
Refis Drive Originations Up in First Quarter May 17, 2024 Brandon Ivey An estimated $59.0 billion of refis were originated in the first three months of the new year, a 31.1% increase from the previous quarter.Read More
Purchase Mortgages Push Ginnie MBS Up in April May 16, 2024 Monica Hogan The flow of purchase mortgages in Ginnie Mae MBS increased 15.0% from March levels, while securitization of refinance loans dropped 9.2%.Read More
Freddie’s CRT Issuance Jumps in First Quarter May 15, 2024 Dennis Hollier The share of risk the government-sponsored enterprises is offering to investors is also on the rise.Read More
Originations of Higher-Price Mortgages Down in 2023 May 15, 2024 James Dohnert The top higher-priced mortgage lender in 2023 was 21st Mortgage, with $2.55 billion in volume.Read More
Prime Non-Agency MBS Issuance Spikes in First Quarter May 14, 2024 James Dohnert Issuance of prime non-agency MBS in the first quarter of 2024 was driven by jumbo mortgages, though volume involving GSE-eligible mortgages also increased.Read More
Non-Agency CMBS Surges in 1Q, But Agency MF Lags May 13, 2024 John Bancroft A big part of the gain in issuance came from deals backed by industrial properties...Read More
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