GSE Multifamily Profits Decline in 1Q22 May 12, 2022 Dennis Hollier Falling revenues and a decline in loss reserves at Fannie and Freddie signal the end of the housing boom and a return to revenue normalcy.Read More
At First Glance, Industry Favors Proposed CRA Update May 12, 2022 Sam Manas The revisions are an attempt to make the CRA rule more transparent and reflective of changes in banking.Read More
Fannie Mae Scotches Use of Cryptocurrencies May 12, 2022 Dennis Hollier Both government-sponsored enterprises have now formally banned the use of virtual currencies for conventional mortgages.Read More
Costco Exits Mortgage Arena May 12, 2022 Sam Manas The big-box retailer no longer offers its store members mortgage pricing options or provides lenders mortgage leads.Read More
Is loanDepot in Play? No Strategic Review Underway May 11, 2022 Paul Muolo and Brandon Ivey In trading Wednesday, loanDepot's shares were up slightly on the day after falling to a new 52-week low of $2.00 a unit on Tuesday.Read More
Consumer Complaints Surge in the First Quarter of 2022 May 11, 2022 Sam Manas Year-over-year, overall consumer gripes were up 39.7%, but mortgages...Read More
A 1Q Earnings Gain for Rocket. Reason: (You Guessed It) MSR Mark Ups May 11, 2022 Paul Muolo Rocket's MSRs accounted for 25.4% of its asset base at March 31 compared to 16.4% at yearend.Read More
FHFA Has Plenty to Ponder on Eligibility Proposal May 11, 2022 Dennis Hollier SFA raised concerns about how the appropriate net worth, capital and liquidity requirements for seller/servicers are calculated.Read More
UWM Taps the MSR Markup ‘Well’ and Reports a Strong Profit for 1Q May 10, 2022 Paul Muolo UWM anticipates second quarter production of $26.0 billion to $33.0 billion and a GOS of 75 to 99 bps.Read More
As Volumes Drop, Some Mortgage CEOs Take Home Less Pay May 10, 2022 Paul Muolo During the first quarter, Fairway transferred roughly $5.8 billion of mortgage servicing rights to new owners...Read More
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