Interest rates tick up, mortgage applications slow near the end of September and refi rate locks spike during the month; Annaly turns to Rocket for subservicing and retention; Fairway touts returning employees; mortgage tech developments; SitusAMC sells loan insurance entity.
A new white paper says MBS investors can learn more about projected mortgage prepayment activity if MBS modeling is expanded to incorporate trended credit data.
Although the origination tally for the third quarter won’t be ready for a few weeks, it feels like it was the best of the year. And some CEOs think the fourth quarter could be even better.
There’s a large gap between damage from Hurricane Helene and what will be covered by the National Flood Insurance Program and the private property insurance market, according to CoreLogic.
A Florida broker’s complaint alleging UWM violated antitrust laws and attempted to monopolize the wholesale mortgage market failed, after no plausible evidence was provided.
Onity owns roughly $123 billion of MSR and has a growing subservicing business. But still, the market treats its stock like a leper. Might de-leveraging help?