loanDepot Working to Cut More Costs Amid Losses November 8, 2023 Paul Muolo The nonbank is working on another round of cost-cutting measures.Read More
Short Takes: Nonbanks Not in FHFA’s Plans for FHLBanks / Applications Tick Up / New MBS From Verus / Pretium Wins Fannie NPL Auction November 8, 2023 Brandon Ivey FHFA left it up to Congress to decide whether nonbanks should be provided access to Federal Home Loan Bank advances.Read More
Ginnie MBS Issuance Declines in October November 7, 2023 Brandon Ivey Both FHA and VA volume in Ginnie MBS issuance declined on a monthly basis in October.Read More
Earnings Decline for Ocwen, Growth Plans Ensue November 7, 2023 Paul Muolo Ocwen management estimates its book value is $58.00 per share.Read More
Angel Oak REIT Bounces Back in Third Quarter November 7, 2023 James Dohnert Angel Oak REIT posted an $8.3 million profit in the third quarter, after spilling red ink in the second quarter.Read More
FEMA: Congress Should Cancel NFIP Debt November 7, 2023 Monica Hogan The National Flood Insurance Program has $20.5 billion in debt, prompting $309 million in semiannual interest payments.Read More
Short Takes: Banks See Weak Demand, Tighten Underwriting / FHA Extends Waiver on Face-to-Face / MFA Takes Loss / HELOC Securitization November 7, 2023 Brandon Ivey Demand for mortgages from banks declined in the third quarter and many banks further tightened underwriting.Read More
Large Servicers Gain Market Share in Third Quarter November 3, 2023 John Bancroft The combined servicing portfolio of the top 50 servicers grew at more than double the rate of increase for total servicing outstanding in the third quarter.Read More
Rocket’s Profits Decline in Third Quarter November 3, 2023 Brandon Ivey Production was essentially level compared with the second quarter and margins improved.Read More
CFPB Reviews State CRA Laws, Nonbank Coverage November 3, 2023 Sam Manas CFPB Director Rohit Chopra last month pushed states to subject nonbanks to CRA coverage.Read More
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