It was a good news/bad news story for the second-lien market in the first quarter of 2022. Production increased nicely but outstandings fell. (Includes three data charts.)

When interest rates rise, MSRs increase in value. It happened in 1Q22 and is a sure bet for 2Q. But the breadth of the second-quarter gains is likely to be small, advisors warn.

Lower has acquired Hamilton Home Loans. Also, HomeLight is acquiring Denver-based Accept.inc to build out its cash offer program.

Analysts agree that bringing management in-house is a long-term positive but differ on whether it improves value in the short run.

Demand for HELOCs is rising from borrowers who want to tap their home equity without letting go of their low-interest rate first mortgage.

Changes could be coming to the CFPB’s QM rule. Then again, maybe not. Meanwhile, second-quarter earnings season starts soon, giving us a look into originations and MSR marks at the megabanks.

The largest table-funder of loan brokers is United Wholesale Mortgage...

Hamilton is led by industry veterans Pat Sheehy and Mark Korell...

A federally insured bank that had been buying non-QMs on a correspondent basis last month shut its window.

The motivation for the fee is still somewhat fuzzy...