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A Strong Earnings Turnaround for Home Point as Firm Sells MSRs, Pays Dividend

November 4, 2021
Paul Muolo
The lender's gain-on-sale margin totaled 84 basis points compared to just 58 bps in the second quarter.
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GOS Improved in 3Q21 for Many but Don’t Get Used to It

November 4, 2021
Paul Muolo
Almost across the board, origination profitability improved in the July-September period, but some lenders remain nervous and a shake-up could be coming as 2022 approaches.
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GSE Earnings Strong; Maybe Not Strong Enough, Though

November 4, 2021
Dennis Hollier
Fannie and Freddie could spend another 15 years in conservatorship before their retained earnings are sufficient under the existing capital rule.
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Mortgage Bankers Swimming in the Debt Pool Once Again

November 4, 2021
Paul Muolo
Additional nonbanks could tap the debt market in the months ahead. The reason: rising asset valuations on mortgage servicing portfolios.
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Chopra to Congress: CFPB Focusing on Repeat Offenders

November 4, 2021
Sam Manas
In his first appearance before congressional leaders, CFPB Director Rohit Chopra addressed his priorities for the bureau, including enforcement and regulations.
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BBB Framework Allocates $10B in Federal DPA

November 4, 2021
Monica Hogan
The House Committee on Rules recently unveiled text for the $1.75 trillion Build Back Better legislative framework, which would include $10 billion for a new first-generation downpayment assistance fund.
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Grapevine: More MSR Deals / Zillow’s Fix-n-Flip Mess

November 4, 2021
Paul Muolo and Dennis Hollier
The thirst for mortgage servicing rights continues, be it bulk or flow. Meanwhile, Zillow’s foray into fix-and-flip did not end well.
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Pretium’s Purchase of Fix-n-Flip Lender Included a Huge Chunk of Whole Loans

November 3, 2021
Paul Muolo
Anchor was owned by Wafra Capital Partners...
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Underwriting Update: Freddie to Also Consider Rental Payment History

November 3, 2021
Dennis Hollier
The two mortgage giants have devised different strategies to make sure renters have a better chance of qualifying for a mortgage.
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And the Winning Bidder on the Home Point Portfolio Is…

November 3, 2021
Paul Muolo
Looking to sell mortgage servicing rights? Now might be a good time...
Read More
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