John Toohig的动态

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Head of Whole Loan Trading at Raymond James

Mortgage originations. No surprise that volumes are down but these number. Whuff. Hard to stomach. "Retail originations fell 64.9% and wholesale originations dropped 60.5% year over year, according to an S&P" "Wells Fargo & Co. had the largest year-over-year decline in originations at 84.3% and Goldman Sachs Group Inc. had the second-largest decline at 79.1%. JPMorgan Chase & Co. had the third-largest year-over-year decline of 77.3%." "Of the top 20 banks measured by originations of one- to four-family mortgages, the only one that saw year-over-year growth was New York Community Bancorp Inc., a subsidiary of which bought assets of Signature Bank after it failed" #mortgage #mortgages #banks #rates #housing https://lnkd.in/gbczmDkQ

Mortgage originations drop in Q1; Wells, Goldman, JPMorgan log largest declines - www.spglobal.com

Mortgage originations drop in Q1; Wells, Goldman, JPMorgan log largest declines - www.spglobal.com

This bodes pretty well for current mortgage bond investors as the market is expecting this to last for the next thirty years. Memories are short.

Dan Kozor

Senior Loan Officer

1 年

Existing home owners are married to their 3% interest rate, even if they want to move for more space or to get into a different school district or to move away from the big city crime.

Jeb J. Altonaga

Private Capital Placement & Investment Banking Advisor; We help fund managers & founders find their L.P. partners | Grow G.P.s ?? AUM | Authenticity + Storytelling = AUM Raised ?? | 2nd Year MBA Candidate at NYU Stern

1 年

Kevin Leibowitz

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