loanDepot Books Loss in First Quarter, Margins Improve May 10, 2023 Paul Muolo Originations declined, margins improved, but a loss was still in the cards for the first quarter.Read More
Veterans United Leads FHA/VA Correspondent Sellers in 2022 May 10, 2023 Brandon Ivey While correspondent sales of FHA/VA loans declined in 2022, Veterans United increased its sales volume.Read More
Non-QMs an Option for Borrowers in Cannabis Industry May 10, 2023 James Dohnert While many states have approved of cannabis sales, it's still considered a Schedule I substance on the federal level.Read More
Short Takes: Applications Increase / Blend Gaining Market Share / Cenlar’s Information Factory / Sagent in India May 10, 2023 Brandon Ivey As interest rates declined, applications increased...Read More
Chase to Surpass Wells as Largest Servicer May 9, 2023 John Bancroft Wells is shrinking its servicing portfolio while Chase is growing.Read More
Losses at Guild Pile Up as Lender Seeks Market Share May 9, 2023 Paul Muolo Guild is gaining market share and counting on an earnings turnaround in the coming months.Read More
What’s Left of FoA Profitable in First Quarter May 9, 2023 Brandon Ivey Finance of America Companies has been selling off various units to focus on reverse mortgages.Read More
Some Concerns as FHA Considers Adjustments for Flood Insurance May 9, 2023 Monica Hogan The proposed change could impact about 10,500 properties within 100-year flood plains each year.Read More
Short Takes: Housing Confidence Improving / Not Much to Buy / Banks Tighten Up / MSRs for Sale May 9, 2023 Brandon Ivey and Paul Muolo Survey says: An increased number of respondents think mortgage rates will go down over the next year...Read More
Large Firms Gain GSE Servicing Share, Led by Chase May 5, 2023 Dennis Hollier The big servicers got a little bigger and Chase overtook Wells as the largest GSE servicer in the first quarter.Read More
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