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In 4Q21, An Adjustment for Conventional Origination Volumes

February 10, 2022
Rocket Mortgage ranked as the top originator of conventional-conforming loans with an estimated $279.3 billion in volume.
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A Slightly Lower Profit for Freddie. Note: Higher Credit Expenses

February 10, 2022
Paul Muolo and Dennis Hollier
Although earnings slipped, net revenues increased to $5.57 billion from $5.25 billion in 3Q21.
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Short Takes: Of Rates and Margins / Mortgage Stocks? / loanDepot Undervalued? / Slighted by Michigan? / Goldman’s Unique MBS

February 10, 2022
Paul Muolo and Brandon Ivey
Why would Michigan workers place a bet on California-based loanDepot and not UWM or Home Point?
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A Boom With Little Precedent: MSR Sales

February 10, 2022
Paul Muolo
Sales of mortgage servicing rights have been nothing short of stunning the past five quarters. Can the good times last? Yes, if prepayment speeds cooperate.
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New Capital Requirements Expected for Nonbank Servicers

February 10, 2022
Dennis Hollier
FHFA is reportedly working to re-propose updated financial eligibility requirements for Fannie/Freddie seller/servicers. The changes had been put on the back burner at the start of the pandemic.
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Freddie Mac Posts 4Q21 Net Profit of $2.7 Billion

February 10, 2022
Paul Muolo and Dennis Hollier
But credit-related charges at the mortgage giant went from $194.0 million in the third quarter to $604.0 million in the fourth quarter.
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Delinquencies Decline in 4Q21; Late-Stage Rates Still Elevated

February 10, 2022
Brandon Ivey
Overall, mortgage delinquencies at the end of 2021 had returned to levels seen before the pandemic. Serious delinquency rates are elevated compared with the days before the coronavirus. (Includes data chart.)
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A Foreign Bank Throws in the Towel on Mortgages

February 10, 2022
Paul Muolo
Good news/bad news: Spanish bank Santander is staying in America — but it’s exiting mortgage finance.
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FHA Facing Staffing Challenges on Various Fronts

February 10, 2022
Monica Hogan
Efforts to shore up its workforce face challenges ranging from a high number of retirement-eligible employees to budget uncertainties and competition for talent from both industry and other housing agencies.
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Analyst Calls Radian Sale a Low Probability Event

February 10, 2022
Monica Hogan
An analyst with Keefe, Bruyette & Woods says a buyer might find the company’s mortgage servicing and technology segments of value.
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