Amid declining volumes, the largest and smallest lenders who sell to the GSEs lost market share while large and mid-sized lenders got a bigger piece of the pie. (Includes two data charts.)
Beginning in November, Freddie’s weekly mortgage rate results will be based on the applications submitted from thousands of mortgage lenders around the country.
Nine of the 11 Federal Home Loan Banks saw their profits jump in the first quarter. Only the FHLBanks of Dallas and Cincinnati experienced declining net income. (Includes three data charts.)
The GSEs’ latest SEC filings reveal a combined capital shortfall of $359 billion at the end of the first quarter. But combined earnings were a healthy $8.21 billion for the quarter. (Includes data chart.)
Megabanks topped the list of GSE servicers in the first quarter of 2022, but they continued to lose market share to nonbank servicers. (Includes two data charts.)