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Home | Tag Archives: FBR Capital Markets

Tag Archives: FBR Capital Markets

Watt Confirmed as FHFA Director

Following a play by Democrats to defang Republicans' filibuster powers, the U.S. Senate voted Tuesday to confirm Rep. Mel Watt (D-North Carolina) as director of the Federal Housing Finance Agency (FHFA).The vote went 57-41 in Watt's favor, the Wall Street Journal reports. All Senate Democrats voted in favor of confirmation; they were joined across the aisle by Sens. Rob Portman (R-Ohio) and Richard Burr (R-North Carolina).

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FBR Expects $1.6B in Mortgage Volume for 2013

With third-quarter numbers from most of the industry's heavy-hitters in, analysts with FBR Capital Markets say their forecasts--$1.6 billion in mortgage volume for 2013 followed by $1.4 billion in 2014--are still well within reach, even though they argue that declining interest rates and lower overall loan volume translated to disappointing mortgage numbers last quarter.

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Analysts Expect Specialty Servicers to Play Larger Role in Refi Market

FBR Capital Markets on Wednesday raised its projection for new mortgage volume in the third quarter to $400-$420 billion, largely due to more activity from special servicers as larger banks relinquish market share. FBR anticipates strong performance from these specialty servicers, partly because of their ability to effectually mine acquired portfolios for refinancing opportunities.

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Weak Third Quarter Expected for Mortgage Banks

Investment bank FBR Capital Markets released its preview of third-quarter earnings for major U.S. banks Monday, with a cloudy outlook for mortgage banking.In general, bank stocks have underperformed the broader market by about 2 percent over the third quarter; and zeroing in on the mortgage market, FBR is not optimistic about Q3 results.

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Report: Mortgage Banking to Stay Profitable; Refi Boom Not Over Yet

A new report from FBR Capital Markets asserts low rates and high demand will continue to boost profitability in the mortgage banking sector in 2013. In a research report released Wednesday, FBR notes that average rates on outstanding mortgages hover between 4.50 percent and 5.00 percent--well above today's historically low rates. According to the firm, this means there is a ""large portion of loans with an economic incentive to refinance.""

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