Mr. Cooper’s Servicing Portfolio Shrinks in First Quarter April 23, 2025 Brandon Ivey The bulk of the first-quarter decline was in subservicing.Read More
Waterstone Settles Poaching Lawsuit With Mutual of Omaha April 23, 2025 Brandon Ivey The settlement contributed to a pre-tax loss of $2.2 million for Waterstone’s mortgage unit in the first quarter of 2025.Read More
New Issuers of Home Equity Loan Securitizations April 23, 2025 Brandon Ivey Mr. Cooper Group and Angel Oak Companies are separately marketing their first securitizations of home equity loans.Read More
Short Takes: Applications Fall / Fannie Selling NPLs / DSCR Non-Agency MBS April 23, 2025 Brandon Ivey Interest rates on mortgages increased by nearly 30 basis points during a two-week span.Read More
Pulte Touts Future Stability, Growth at GSEs April 22, 2025 Brandon Ivey Since he was appointed by President Trump as FHFA’s leader, Pulte has revamped board membership at the GSEs and fired Freddie’s CEO.Read More
Lending, Margins Decline at Western Alliance in 1Q April 22, 2025 Brandon Ivey The bank’s gain-on-sale margin declined from 21 basis points in the fourth quarter to 19 bps in the first quarter.Read More
Profits Decline at Agency MBS Investor AGNC April 22, 2025 Brandon Ivey The decline in profitability in the first quarter of 2025 was tied to hedging and a loss on the sale of some assets.Read More
GSE Ratings Could See Downgrade if Conservatorship Ends April 22, 2025 Dennis Hollier Because they’re currently in conservatorship, S&P still rates GSE senior debt as if it were the sovereign credit of the U.S., at AA+.Read More
Short Takes: Homebuilder Originations Up / Credit Inquiries for Mortgages Declining / More Expanded-Credit MBS / Forbearance Declines April 22, 2025 Brandon Ivey PulteGroup and NVR boosted mortgage originations on an annual basis in the first quarter of 2025.Read More
Trump Admin Fires Thousands of CFPB Employees April 18, 2025 Shannon Clark The union that represents CFPB employees argues that the firings go "well beyond" what a recent injunction permits.Read More
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