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GOS Margins Slip Across the Board. And Then There’s Guild

May 13, 2021
Paul Muolo
No one really thought the GOS readings of the past year would last, right? Meanwhile, Guild Mortgage rises above the pack.
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Grapevine: When Cycles Change... / More M&A, More to Come

May 13, 2021
Paul Muolo
Some investors in mortgage equities are putting their money to work elsewhere, but that hasn’t stopped fintech lender Better.com from entering into a SPAC/IPO maneuver. Launch time: the fall of 2021.
Read More

PMIs Post Strong Earnings but NIW Declines in 1Q21

May 12, 2021
John Bancroft

Private MIs reported a 19.6% drop in purchase-mortgage business during the first quarter, which still accounted for 64.8% of their new insurance written for the period.


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Politics Behind Delay of QM Standards?

May 12, 2021
Brandon Ivey

At issue: the new QM standards were drafted when the CFPB was under the leadership of Republican Kathleen Kraninger, who was appointed during the Trump administration.


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GSE MSRs Slated for Sale by Prestwick and MCT

May 12, 2021
Paul Muolo

The seller of the MSRs is an independent mortgage banker... 


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Guaranteed Rate Leads Jumbo Correspondent Sellers in 2020 (By Far)

May 12, 2021
Brandon Ivey

The main buyers of jumbos? Answer: commercial banks, accounting for 54.6% of purchases from unaffiliated sellers...


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PennyMac Taps Structured Finance Vehicle to Lever MSRs

May 12, 2021

As one company official explained, “This gets us off the bank balance sheet.”


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Senators Ask the CFPB to Rethink QM Rule Delay

May 11, 2021
Lisa Burden

Sens. Warner and Scott: "We urge the bureau to allow the final rule to proceed as intended and commit to a longer-term approach..."


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April Rebound in Purchase Lending Boosts FHA Share

May 11, 2021
John Bancroft

The FHA program remains a go-to choice for first-time homebuyers...


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UWM Reports Origination, Earnings Decline for 1Q; Says It Can Be No. 1

May 10, 2021
Paul Muolo

Despite the strong earnings, UWM's share price fell to a new low. The company went public earlier this year...


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