David Krechevsky

NAHB/Wells Fargo Housing Market Index falls for fourth straight month.

Net earnings down 13% YOY, better than other major banks.

Former GrubHub president joins Philadelphia-based brokerage.

Nation's largest bank by assets reports 42% drop in earnings from a year earlier in 1Q 2022.

Rapid rise in mortgage rates slows purchase originations and refinances.

The $425.7 million non-prime RMBS transaction comprises 998 residential mortgages characterized by a notable concentration of alternative income documentation.

System was experiencing ‘various document errors’

Increases in energy, food, and shelter costs drove the increases.

Just 3.3% of all mortgages in delinquency, lowest rate in 23 years.

Approximately 49.8% of the loans in the pool were categorized as non-qualified (non-QM) mortgages.