MBS Volume Spirals
Led by a 93 percent decline in residential mortgage-backed securities volume, mortgage loan securitizations have tumbled so far this year.
From January through June, the volume of U.S. MBS issued was $117.4 billion, according the Thomson Reuters Debt Capital Markets Review for the second quarter of 2008.
MBS issuance fell from $622.1 billion during the same period last year.
read full story
Mortgage Insurance Volume Sinks
Mortgage insurance companies issued fewer policies last month than they have at any point since 2000. New applications fell to the lowest point in more than two years.
Best Reverse Markets
A new report identifies the best U.S. markets for home-equity conversion mortgage originations.
Freddie Purchases Soar
Secondary mortgage volume climbed to the highest level in almost five years at Freddie Mac. But delinquency reached a four-year high.
Fannie Loans Exceed $3 Trillion
Fannie Mae's book of business broke the $3 trillion barrier as monthly secondary purchases rose.
Commercial Mortgage Production Tumbles
Led by a massive decline in securitizations, quarterly commercial mortgage originations tumbled. But government-sponsored enterprise activity was up on an annual basis.
Bank Earnings, Originations Up from Q4
Earnings and production jumped from the fourth quarter at federally insured banks and thrifts.
M.I. Volume Tumbles as Defaults Reach Record
The volume of mortgage insurance policies written last month tumbled as new applications fell to a 14-month low and mortgage insurance defaults soared to an all-time high. But the sharp rise in defaults was attributed to a one-time adjustment at a major lender.
Thrift Activity Worse
Quarterly originations and delinquency worsened at thrifts. Troubled institutions were double the level a year ago.
Net Branch Secrets
Government originations have soared at a Utah-based branch operation this year. Another branch network has identified a New England office and its star originator as the best in the country.
