MBS Creation Slides for Seventh Consecutive Month December 27, 2022 John Bancroft Securitization rates ran unusually high in 2020 and 2021 because of the epic wave of agency-bound refis...Read More
Headed North (A Little Bit): Residential Delinquencies December 22, 2022 Paul Muolo Bottom line: The readings are not bad and there are few signs of a “credit” problem in the servicing industry...Read More
Banks Immune from the Mortgage Slowdown? Hardly... December 21, 2022 Namrata Bhatia Depositories are not required to report their portfolio-lending activity in their call-report disclosures.Read More
GSE Seller-Servicers See Mortgage Buybacks Spike YOY December 19, 2022 John Bancroft The worst of all time (WOAT) was 2007, from which sellers repurchased 7.40% of GSE issuance.Read More
Consumers Still Tend to Shy Away From Mortgage Shopping December 19, 2022 Namrata Bhatia Education levels led to some differences in consumer behaviors...Read More
Bad News for Refis: 94.5% of Agency MBS Has Current Interest Rates of 5.0% or Less December 16, 2022 John Bancroft For many homeowners, their current mortgage rate is too valuable (low) to give up...Read More
Another Bank Gives Up the Ghost of Wholesale Lending December 16, 2022 Paul Muolo Will the last federally insured depository in wholesale lending please turn off the lights when it leaves? After buying MUFG Union, U.S. Bank is pulling the plug on Union Bank’s loan broker business.Read More
A Milestone of Sorts: Servicing Balances Crack the $13T Mark December 15, 2022 John Bancroft Securitization, including agency and non-agency MBS, accounted for 69.4% of the home mortgage market.Read More
Ginnie Issuance Off Again in November, Freedom’s Activity Plunges 59% December 14, 2022 Monica Hogan and Paul Muolo Planet Home Lending issued $1.9 billion in Ginnies, ranking fourth overall...Read More
loanDepot’s CIO Keeps Selling Shares in the Company December 14, 2022 Paul Muolo loanDepot's management team predicted that originations could fall to between $4.0 billion and $7.0 billion in 4Q22...Read More