Primary MI Activity Down at GSEs, Up at FHA in 3Q October 20, 2023 John Bancroft GSE securitization of mortgages with private MI declined in the third quarter while FHA activity increased.Read More
Delinquencies Increase in Agency Market October 19, 2023 Brandon Ivey The total delinquency rate on mortgages in agency MBS stood at 2.83% as of the end of September, up from 2.60% at the end of June.Read More
Smaller Lenders Gain Some GSE Market Share October 18, 2023 Dennis Hollier Small to mid-sized nonbanks accounted for 24.7% of GSE business in the third quarter, up from a 23.1% share in the second quarter.Read More
Originations Down Almost 18% at U.S. Bank October 18, 2023 Paul Muolo U.S. Bank's servicing-for-others portfolio fell to $232.3 billion at the end of September from $251.6 billion at the end of June.Read More
MSR Sales Increase Amid Consolidation October 17, 2023 John Bancroft The third quarter of 2023 ranked as the busiest market for MSR sales since the second quarter of last year, when $327.82 billion of MSR transfers closed.Read More
A Modest Home Origination Decline for BofA October 17, 2023 Paul Muolo At Sept. 30, BofA held $229.0 billion of residential first liens on its books...Read More
Non-Agency MBS Issuance Gains Momentum in 3Q23 October 16, 2023 John Bancroft Through the first nine months of the year, the top three non-agency issuers were: JPM, Invictus Capital Partners and Onslow Bay Financial.Read More
Lakeview Tops Agency Servicers in Third Quarter October 13, 2023 John Bancroft Growth at Lakeview and Chase Home Finance finally toppled Wells Fargo as the largest agency servicer.Read More
Ginnie Issuance Increases Slightly in Third Quarter October 12, 2023 Monica Hogan Both the FHA and VA programs saw increases, but the bulk of the growth in Ginnie issuance in the third quarter came from FHA loans.Read More
Residential MBS the Bright Spot in Third-Quarter Issuance October 10, 2023 John Bancroft The structured finance market produced $396.17 billion of new issuance in the third quarter, down 4.5% from the second quarter.Read More